J&K to get tourism & hospitality investment from UAE firm

The investment will cover three hotels and one commercial-cum-residential complex in Jammu & Kashmir. The owner of Century Financial, Bal Krishen, is from Doda district of Jammu and Kashmir

PRAVASISAMWAD.COM

The Jammu and Kashmir government signed a MoU with the UAE’s pioneering financial services company, Century Financial for an investment of $100 million. The MoU was signed in a special event presided by the Lieutenant Governor Manoj Sinha. The investment will cover three hotels and one commercial-cum-residential complex in Jammu & Kashmir. The owner of Century Financial, Bal Krishen, is from Doda district of Jammu and Kashmir.

Speaking on the occasion, Lieutenant Governor Sinha was quoted saying to IANS: “Despite challenges of global pandemic, neither the pace of economic and policy reforms nor the implementation of key infrastructure projects has slowed in any way in the Union Territory and we as responsive administration will continue to respond to business’s concerns.”

“Making a significant contribution to my home region has always been my dream and today as I see this dream getting realized, it’s immensely gratifying.”

— Bal Krishen, Century Financial’s owner

Sinha also said: “We are happy to see the interest shown by UAE’s big business houses and leaders in supporting this vision of our honorable Prime Minister. Global business & industry are waking up to the vistas of opportunity in Jammu and Kashmir.”

“I have always believed that Jammu and Kashmir has tremendous investment potential and there cannot be a better time than now. Making a significant contribution to my home region has always been my dream and today as I see this dream getting realized, it’s immensely gratifying,” said Century Financial’s owner, Bal Krishen.

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