Leading firms in oil-rich Gulf region propose to invest $6 billion in UP

The investment is expected to flow in multiple sectors, including energy, retail, real estate, and electric mobility

Leading companies in the oil-rich Gulf region have proposed to invest nearly $6 billion (about Rs 50,000 crore) in Uttar Pradesh, according to state cabinet minister Rakesh Sachan. The investment is expected to flow in a bouquet of sectors including energy, retail, real estate, electric mobility, logistics, tourism, health, food processing, etc.

Some of the top firms and investment agencies which will invest in the state include the Lulu Group, Abu Dhabi Global Market, Transnational Computer LLC, Burjeel Hospital, etc. For example, Lulu Group will invest Rs 4,500 crore to set up shopping malls and hypermarkets in different cities, including