NEW DELHI: The administration of Dubai said on Monday that it had inked an agreement to improve infrastructure in Jammu and Kashmir, at a time when the region is experiencing a revival of violence. The value of the agreement was not specified.
Following the abolition of Jammu and Kashmir’s special status and separation of the state into two Union Territories, Dubai, part of the United Arab Emirates, has signed the region’s first investment deal.
IT towers, industrial parks, supply centers, multi-purpose buildings, medical college as well as specialty hospital would be created by Dubai as per the government.
“The world has started to recognize the pace (at) which Jammu and Kashmir is traversing on the development bandwagon,” in a statement, Union Minister Piyush Goyal stated.
However, as a recent series of terrorist assaults on civilians has demonstrated, investing is loaded with dangers.
Authorities in Kashmir transferred thousands of migrant workers to safer areas overnight on Monday.