Saudi King Abdullah seen with Yusuffali.
DUBAI: Lulu Hypermarket, the region’s retail heavyweight added another feather to its cap when the group’s managing director, Yusuffali MA, retained his top rank in the Arabian Business Indian Power List for the second successive year. Announcing the names of the 100 individuals who made it to this year’s Power List, Ed Attwood, editor of Arabian Business, said: “This list is the most comprehensive guide to Indian success in the region.
With close to 4 million Indians living in the GCC, it is clear that they have made a huge contribution to the growth of the region’s economies. But our list is not just full of business leaders – it includes scientists, doctors, artists and sports stars.” Other Indians who made it to the top of the power list include the founding shareholder of Bharti Airtel, Raghuvinder Kataria, who was ranked second, followed by IFFCO Group’s Feroz Allana in third place. Saudi Arabia-based construction mogul Ravi Pillai took fourth place, ahead of Landmark Group founder Micky Jagtiani.
The 2012 list is dominated by retailers, who account for 26 places on the list, ahead of bankers and industrialists with 24 spots. The healthcare industry is also well represented with eight positions, the same number as construction and real estate. The list will be officially launched at a gala dinner to be held at Dubai’s Madinat Jumeriah Hotel tomorrow, hosted by the Consul General of India Sanjay Verma. The highly popular Lulu retail chain in the Middle- East caters to over 468,000 customers everyday and is ranked number one among the Middle-East retailers.
Source: Kuwait times