Indian billionaire Yousuf Ali is the first expat to be granted permanent residency in the UAE.
The Chairman of the Lulu International Group was given a 'Golden Card' by authorities on Monday.
He is the first of 6,800 investors with total investments of AED 100 billion who will get lifelong residency under a new scheme that was announced last month.
The initiative is expected to benefit investors and exceptional talents in the fields of medicine, engineering, science and arts.
Ali is also a Board Member of the Abu Dhabi Chamber of Commerce and Industry.

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എഡ്ജ് ഓഫ് ലൈഫ് കാമ്പയിൻ വഴി 2.8 ബില്യൺ ദിർഹത്തിലധികം സമാഹരിച്ചു
