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Tag: United Arab Emirates

Primus Partners expands global footprint in United Arab Emirates

Mumbai, 2 September 2024: In a strategic move to augment its global presence, Primus Partners Pvt Ltd – India’s leading home-grown consultancy firm – today announced the opening of its new office in UAE. The strategic decision highlights Primus Partners’ commitment to providing its service delivery and engagement in major Middle Eastern markets.

The UAE office will be established as a wholly-owned subsidiary of Primus Partners India, marking a significant step in expanding its footprint into international jurisdictions under the aegis of Mr. Nader Haffar as Director. With over 30 years of experience in professional services and management consulting across global, regional, and local markets, Mr. Haffar brings a wealth of knowledge and expertise to his role.

The establishment of the new office aligns with the recent MoUs (Memoranda of Understanding) signed between India and the UAE, covering crucial areas such as bilateral trade, energy cooperation, infrastructure development, cultural exchange and people-to-people initiatives. Furthermore, the recent enactment of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) has created a robust framework for future collaboration between the two nations.

Honourable Prime Minister Modi’s 7th visit to the UAE has been instrumental in laying the groundwork for these significant trade interventions. As of FY2022-23, the UAE was India’s third-largest trading partner and second-largest export destination. India is the UAE’s second-largest trading partner, with bilateral trade reaching US$85 billion. These developments are poised to drive the two countries towards the ambitious goal of US$100 billion in bilateral trade, potentially achieving this milestone well before 2030.

Nilaya Varma, Co-Founder & CEO of Primus Partners, stated, “Expanding into Dubai represents a pivotal step in our strategic vision to forge deeper, more impactful partnerships in the region. As UAE increasingly asserts its role as a major player in the global economy, we see tremendous potential to drive innovative solutions and thought leadership within this market. This expansion enhances our ability to deliver tailored, high-value services to clients and positions us to capitalize on emerging opportunities across segments. Moving ahead, the focus will be on leveraging our presence to spearhead transformative projects and solidify our role as a leading advisor in the region.”

Nader Haffar, Director of Primus UAE, commented, “Our new office in UAE will play a vital role in steering key regional projects. By leveraging initiatives such as IMMEC and I2U2, we are not only contributing to global trade dynamics but also positioning ourselves to spearhead innovations that address critical areas such as infrastructure and sustainable development. Our objective is to harness these opportunities to create lasting economic and environmental impacts.”

Davinder Sandhu, Co-Founder & Chairperson of Primus Partners, added, “With our recent office launch in Chennai marking a major milestone, expanding into UAE and KSA represents the next strategic step in this journey. Both countries are leading a new era of economic collaboration and innovation. This expansion is more than just a geographical move as it places us at the epicentre of transformative projects that will drive sustainable development and economic progress across the region. We will leverage our expertise to contribute meaningfully to the dynamic growth of the Middle East.”

In the past two years, Primus Partners has doubled its workforce, showcasing a commitment to excellence and innovation. The launch of the new office in UAE marks a strategic growth milestone, paving its path for future advancements. With robust expertise in key policy areas, the new establishment will strengthen its thought leadership, enabling the firm to leverage its expanded capabilities. Together with its new partner, the firm will drive transformative change and shape the future of consultancy across critical sectors.

The Future of Urban Living – The Sustainable Communities of Tomorrow

By – Akash Pharande, Managing Director – Pharande Spaces

Akash Pharande, Managing Director - Pharande Spaces

I travel a lot to understand how different countries address their urban sprawl because we use such insights to design integrated townships here in India. In fact, one result of these travels was our partnering with a globally acclaimed architect who helped us recreate a global residential experience in India.

However, my main takeaway from this globetrotting has been far less positive – the alarming rate at which rampant urbanization is challenging even the most glamorous world cities.

As cities’ populations overflow, traditional urban infrastructure groans and often crumbles under the strain of housing demands. Did you think that overcrowding and declining living standards are the order of the day only in India? Far from it – it is a global phenomenon.

The Global Scenario

In the thronged streets of New York, Tokyo, and Hong Kong – and even in Berlin, Hamburg, and Stockholm – urban sprawl running wild is in evidence everywhere. In India, we have accepted congestion, pollution, and stressed infrastructure, but be aware that very few countries are exempt from them anymore.

Across the world from Asia to Europe to North America, local governments and expert city planners are implementing the only viable solution. You guessed it – integrated townships.

In Singapore and the United Arab Emirates, self-sufficient, self-contained integrated projects have in fact been at the forefront of urban planning for many decades. Singapore, in particular, is famous for master-planned communities such as Punggol and Tampines, which integrate residential, commercial, and recreational facilities to create vibrant and self-sustaining neighborhoods.

-township-

In the UAE, integrated developments like Dubai Marina and Masdar City deliver comprehensive living and working environments for residents. In Europe, Sweden and the Netherlands have embraced the concept of integrated townships to promote sustainable urban development.

Stockholm and Amsterdam have pioneered eco-friendly neighbourhoods that prioritize walking, cycling, and public transportation while incorporating green spaces and mixed-use developments.

In North America, integrated townships have gained traction in response to urban sprawl and the growing trend for more walkable and inclusive communities. Vancouver in Canada and Portland in the United States have implemented policies to encourage mixed-use development and compact urban forms.

This approach has given rise to highly integrated neighborhoods that provide everything their residents will ever need – living spaces, offices to work in, as well as shopping malls and recreational amenities.

Integrated Living – No Alternatives

If this sounds like a marketing prospectus for a modern integrated township in India, it’s because while we certainly haven’t pioneered the concept, we have certainly caught on to it big time. And for good reasons.

A report by international property consultants JLL India entitled ‘Livability quotient – a paradigm shift in India’s emerging cities’ puts it very aptly – “A balanced lifestyle contributes highly to the livability quotient of a city or township,” it states. “Amenities for leisure and recreation such as sports facilities, gymnasiums, clubhouses, malls and shopping streets are considered lifestyle amenities and are much appreciated by users.”

“Townships managed by private developers have an advantage over cities managed by local governments. The high level of interaction that happens between a township developer and customers naturally enables a focused delivery of services.”

I guess there’s no better way of putting it. As our larger cities draw more and more inward migration because of their employment prospects, we certainly need better solutions to house everyone. India’s growing upper-level middle class expects to find housing that multi-tasks and delivers on their lifestyle preferences.

What better solution for this than integrated mixed-use developments where they can seamlessly transition between living, working, and leisure activities without enduring long commutes?

As the successful eco-cities of Scandinavia and the master-planned communities of Singapore and the UAE demonstrate, integrated townships are a concept whose time has come – and is, in fact, by now an imperative in India.

intergrated township

A Long Way to Go

As Anarock Property Consultants put it, the growing demand for integrated townships in India has risen even more in the wake of changing housing preferences post-pandemic. However, despite the increased interest, integrated townships still represent only a fraction of the total housing supply in India. Since 2010, only about 2% of all housing projects in the top seven cities fell in this category,

Clearly, we are missing something important here.

India is a nation at a crossroads in its urbanization journey. Rapid population growth, rural-urban migration, and fragmented urban planning have spawned a host of challenges, from sprawling urban sprawl to choked traffic arteries and polluted air. The need for holistic urban planning has never been more pressing.

Integrated townships offer hope amidst this urban chaos. With the government’s ambitious plans to create smart cities and revitalize urban infrastructure in a country where land scarcity, fragmented development, and outdated infrastructure are the norm, there is quite simply no other solution.

Without integrated townships, the status quo in India is frankly unsustainable. With every passing year, our trajectory of urbanization is spiraling further out of control – with far-reaching consequences on our society, our environment, and our economy.

Beyond just bricks and mortar, integrated townships also serve as catalysts for economic growth and building strong, wholesome and supportive communities. They provide local employment opportunities, reduce dependence on city centers, offer higher returns on investment, and provide a holistic solution to the many challenges we face in our cities.

About the Author:

Akash Pharande is Managing Director – Pharande Spaces, a leading real estate construction and development firm famous for its township projects in West Pune and beyond. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer of townships in West Pune. With the recent integration of Puneville Commercial into one of its most iconic townships, Pharande Spaces taken a major step towards addressing Pune’s current and future requirements for fully integrated residential-commercial convenience.

Jammu & Kashmir Inks 6 Investment Agreements with Global Investors at EXPO2020

Dubai, United Arab Emirates

India’s Union Territory (UT) of Jammu & Kashmir (J&K) has inked six agreements with global investors at EXPO2020 Dubai to bring in investments in the UT’s real estate, infrastructure, tourism, healthcare, manpower employment sectors among others.

J&KShri Manoj Sinha, Lieutenant Governor of J&K, Shri Ranjan Prakash Thakur, Principal Secretary, Dr Aman Puri, Consul General of India in Dubai at the MoU signing ceremony held on 6th January in Dubai

 

Shri Manoj Sinha, Lieutenant Governor (LG) of Jammu & Kashmir addressed the Investors Summit in Dubai yesterday, which was attended by renowned business leaders and investors from the United Arab Emirates (UAE).

 

Jammu & Kashmir has moved from a sleeping business destination to the land of opportunities and investment. The Union Territory received investments to the tune of USD 2.5 billion in 2021 and showcased the enormous opportunities and business potential in the region,” Shri Sinha said.

 

Jammu & Kashmir has signed 5 MoUs with Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC, Century Financial and Noon E-commerce respectively; 1 LoI between Magna Waves Pvt. Ltd along with Emaar Group and Lulu International.

 

Shri Sinha also met the DP World Chairman, Sultan Ahmed bin Sulayem to discuss potential areas of collaboration between the Government of Jammu & Kashmir and DP World.

 

Talking about the upcoming opportunities with these leading investors, Shri Sinha added, “Jammu & Kashmir is working relentlessly to provide an investment friendly environment to the global investors. From the business point of view, J&K has the capability to provide opportunity to the industries to compete, correct and collaborate with readily available abundant resources. Archaic laws have been removed and more than 890 Central laws, which are the key drivers of socio-economic growth have been made applicable in the last two years.”

 

Elaborating on the potential of collaboration between India and the UAE, Dr. Ahmed Abdul Rahman AlBanna, Ambassador of UAE Embassy said, “India is the second largest trading partner for the United Arab Emirates and UAE is the third largest trading partner for India after the United States of America and China. Our total Foreign Trade figures reached about USD 60 billion in 2019-2020. The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and India will be crucial in deepening the ties between India and UAE. We are hoping that CEPA will increase our bilateral trade from USD 60 billion to USD 100 billion in the coming 5 to 8 years.”

 

Ever since the Government of India announced the historic administrative changes in 2019, the Union Territory of Jammu and Kashmir has become the latest success story among Indian states as a model of economic and social development. India and UAE are among each other’s largest trading partners. And soon, CEPA will be signed, which certainly has the potential to catapult our economic engagement to a very different trajectory all together,” said Shri Sunjay Sudhir, Ambassador of India to the UAE while addressing the Investors Summit yesterday.

 

The J&K Lieutenant Governor, Shri Sinha, also visited the India Pavilion at EXPO2020 Dubai during the ongoing Jammu & Kashmir Week (03-13 January) and toured the J&K Pavilion earlier in the day. Talking about the importance of EXPO2020 Dubai to J&K, he said, “India’s participation at the Expo is a testament to the fact that the country values UAE as an esteemed partner. Various States and Sectors in India have understood the importance of the Expo, and the global exposure provided by the event. Jammu & Kashmir is privileged to participate at this global event and strengthen its footprint in the UAE.

 

The J&K Pavilion was inaugurated by Shri Ranjan Prakash Thakur, Principal Secretary to the Government Industries & Commerce along with Dr Aman Puri, Consul General of India in Dubai and Deputy Commissioner-General for India at EXPO2020 Dubai on 3rd January.

 

In addition to the Investor Summit and J&K Week at India Pavilion, Shri Sinha also inaugurated a two-day Buyer-Seller Meet today, hosted by the Consulate General of India, Dubai in collaboration with Invest India. The Buyer Seller meet is being organized between sellers from the Union Territory of Jammu and Kashmir and buyers from the UAE under One District One Product initiative. The key focus sectors for the meeting are Agri Products & Processed Food and Handicraft and Textile.