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Forbes announces top Indian leaders in the Arab region
Forbes Middle East announced 'Top Ten Indian Leaders in the Arab World 2016'
The ranking has two lists - one of Indian entrepreneurs and the other of the top Indian executives in the region.
Low oil prices, conflict in Syria, Yemen unrest - despite all the factors that may challenge economic growth in the UAE, expats have continued to arrive for employment in huge numbers.
This is evident from the new 'Top Indian Leaders in the Arab World 2016' list revealed by Forbes Middle East.
"Indians make up the largest chunk of expats in GCC countries. They contribute a great deal to the economy, as labourers on construction sites, or founders of multi-billion dollar conglomerates," says the international magazine.
The names were announced at the Forbes Middle East Gala Dinner held at Waldorf Astoria Dubai Palm Jumeirah on Tuesday, in the presence of top leaders from the Indian business community in the region as well as high-profile executives from across various industries and sectors.
The ranking has two lists - one of Indian entrepreneurs and the other of the top Indian executives in the region.
According to Forbes, ten of the top 100 Indian entrepreneurs run businesses that are more than 50 years old. Nine are billionaires, including Mukesh Jagtiani (net worth: $4.4 billion), Yusuff Ali M.A. (net worth: $4.2 billion), and Sunil Vaswani (net worth: $2 billion). Out of the 100, 91 entrepreneurs are based in the UAE. Four of the top 10 later moved their headquarters from other countries to the UAE. This proves the ease of doing business in the country.
Also read: UAE, Qatar attract infrastructure investors
See full list of 100 top entrepreneurs here.
In a separate list, Forbes has ranked 50 Indians who have leadership positions in multinationals and Arab companies. "Sanjeev Chaddah is the CEO of PepsiCo Asia, Middle East and Africa; Adnan Chilwan is the CEO of Dubai Islamic, the largest Islamic bank in the UAE, which recorded a 37 per cent growth in net profits last year," Forbes stated.
See full list of the top Indian business leaders (Executives).
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