Gemini Property Developers, a Dubai-based real estate developer, said its Chairman Sudhakar Rao was honoured with the Top Indian Business Leader award at a gala event held in Dubai recently.
The Forbes Middle East brings together the most influential experts and heads of the region’s top companies through exclusive events in the region.
Rao was one among the 150 Indian business leaders and business executives honoured at the event which was attended by the region’s most influential Indian business tycoons who have achieved phenomenal business success in the Arab region, said a statement from the company.
With this honour, Rao has made it to the Forbes’ list of "Top 100 Indian leaders in the Arab world," it stated.
According to latest report titled ‘Forbes’ World’s Billionaire Indians 2018’, the billionaires of Indian origin, based in the Gulf, have a collective net worth of $26.4 billion.
They have a pivotal role in the economy of UAE and other GCC countries. These top businessmen are now investing heavily both in the Arab region as well as in India, said the company statement.
Navdeep Singh Suri, Ambassador of India to the UAE, said: "The Indian community across the UAE holds key positions in every walk of life. The work Indian leaders are doing in the region displays the finest aspects of India and we are privileged to have these leaders being ambassadors to the UAE and bridging the gap between the two countries."
“Indian leaders have not only stood out in business successes in the Arab world but have also started contributing back to India across sectors like healthcare, retail, construction, hospitality and manufacturing. Helping to create jobs and better infrastructure in India,” stated Suri.
Rao’s successful foray into Dubai’s real estate market, with the launch of Gemini Property Developers, is a milestone achievement for the entire Gemini Group, said a statement from the company.
The maiden project that he has developed is Dh300 million Splendor at MBR City – a luxury residential project at Sobha Hartland, has been sold 90 per cent in a record time due to flexible options for property investors.
On the top honour, Rao said: "I am humbled to receive Forbes’ award, which I believe will not be possible without the support of my team at Gemini. I thank Forbes Middle East for choosing me for this award. We chose UAE as base for growing our business because of its excellent infrastructure, ease of doing business, higher return on investment and safe haven for businessmen."
"The recognition of our real estate business model is a testament of our vision of doing business with the customer in focus and making it easy for them to buy a home in UAE," he added.