Abu Dhabi: Dr Shamsheer Vayalil, chairman and managing director of VPS Healthcare, was granted permanent residency by the UAE government on Monday.
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VPS Health care is one of the top investment groups in the country and owns Burjeel and other hospitals in Abu Dhabi, Dubai and Al Ain.
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“This is a great boost for young people. I came here (to the UAE) in 2004 and this is a recognition to dream about. I want more youngsters to benefit from the programme and also benefit the country through investments,” Dr Vayalil told Gulf News.
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Dr Vayalil is the youngest businessman to obtain the permanent resident status in Abu Dhabi. The gold card will also be issued to his wife and children.
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“My journey from a physician to entrepreneur has been challenging, but very rewarding,” he said in a separate statement.
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Hailing the permanent residency programme introduced by the UAE government, he said, “The permanent residency scheme is a great step towards attracting even more talent to the UAE.
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“We believe that the UAE’s economy isn’t just powered by jobs and wages, but also by investment and innovation. This programme will certainly result in an increase in inventions, creating a sustainable environment for entrepreneurs that will spur additional job creation and boost competitiveness.”
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VPS Health care has 23 hospitals and over 125 medical centres in four countries. Dr Vayalil is also the Vice-Chairman and Managing Director of UAE-based Amanat Holdings, the region’s largest health care and education investment company.
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Permanent residency system, also known as the Gold Card, was launched by the UAE government last month to boost investments in the country.
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The first batch of beneficiaries will include 6,800 investors whose total investments exceed Dh100 billion, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said in a tweet.
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MA Yousuf Ali, chairman and managing director of Lulu Group also received the gold card last week.
###Dr Shamsheer of VPS healthcare receiving gold card permanent residency on Monday
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