Ziad Saleh has became the first Arab expatriate to be granted permanent residency in the UAE.
The CEO of Alain Pharmacy Group was given a ‘Golden Card’ by authorities on Friday.
Saleh received his card along with Dr. Shamsheer Vayalil, managing director of VPS Healthcare.
The two are one of 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.
Earlier this month Indian billionaire Yousuf Ali became the first expat to be granted permanent residency in the UAE.
UAE says reports of Israeli PM Netanyahu's visit 'entirely unfounded'
UAE President, Qatari Emir discuss ties and regional developments
UAE reinforces anti-money laundering standards in gold sector
Eid Al Adha holidays confirmed for Dubai Government entities
UAE President holds talks with US, Saudi Arabia leaders
