Indore : It is not just Indian companies that are keen to invest in the state and announced plans at GIS- 2014, but three Dubai- based companies are also considering an investment of nearly $ 1 billion in diverse sectors, and one of them is looking for land at village Baggad near Betma.

And after the recent encouraging visit of CM Shivraj Singh Chouhan to Dubai, a 12- member delegation from six companies in this region participated in GIS- 2014. All the six companies that participated — Al- Nakheel, IPS Trans Gulf, Unibutton, Emmar, Majdar, Mubadla and Nikai are leaders in their respective fields.

The business development director of IPS Trans Gulf Abhas — C. Sarkar pointed out that that his company and Al- Nakheel are planning projects that involve an investment ranging from $ 500 million to 1 billion. Sarkar also pointed out that representatives of IPS Trans Gulf, Al- Nakheel and Unibutton had a recent meeting with CM Shivraj Singh Chouhan, too.

Al- Nakheel is a global leader in construction and has built icons like Al- Burj and Al- Khalifa. The company is exploring the possibility of participating in the metro rail project and the development of ‘ Smart Cities’. Similarly, the IPS Trans Gulf is a leading vehicle body building company, and is exploring the possibility of taking land in Baggad village, close to Betma.

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Free Press Journal