A law was passed by the United Arab Emirates to allow Indian passport holders with a UK or EU residency to get a visa on arrival when entering their country.
A statement published on UAE state news agency, WAM, on 13 September said that the decision was taken at a cabinet meeting earlier in the second week of September in accordance with the country’s direction to enhance international relations.
Earlier in March, the UAE had decided to allow Indian nationals holding a green card or a US visa to be issued a visa on arrival for a 14-day stay in their country.
According to Thomson Reuters Zawya, one of the UAE’s most important trading partners is India, as trade between the two countries rose by six percent to $53 billion in 2017.
Meanwhile, organisers of the India-UAE Partnership Summit, scheduled to take place on 30-31 October, said that the investments from Emirates into India are said to be worth about $10 billion per year, while investment by companies from India and Indian expats in the UAE is expected to be around $55 billion.
In January 2017, Sheikh Mohammed bin Zayed al Nahyan, the Crown Prince of Abu Dhabi, signed a strategic alliance agreement with Narendra Modi, India’s prime minister, on agreements covering cooperation in strategic sectors such as defense, energy security, maritime transport and food security.
The UAE also agreed to infuse $75 billion funds into Indian infrastructure projects in 2016.
Navdeep Singh Suri, India’s ambassador to the UAE, said that India was cooperating with the UAE in a variety of areas, which includes strategic areas such as space and defence.
He said that both the countries were all set to tap on their mutual advantages and create alliances to help them attain their respective economic visions.
Suri added that they were also confident of luring a lot of investment into India from the UAE because of their close ties and the opportunities that India has.
Paras Shahdadpuri, vice president of the Business Leaders Forum, said that India and UAE have had historic ties in trade, investment, economy and family relations for centuries. He added that the biggest foreign investors in the UAE were Indians.
If you are looking to travel to the UAE, get in touch with Y-Axis, a reputed company for immigration services, to apply for a visa.