Dubai Signs Deal With India To Build Infrastructure In Jammu And Kashmir

The government said the agreement will see Dubai building infrastructure including industrial parks, IT towers, multi-purpose towers, logistics centres, a medical college and a speciality hospital.

New Delhi: Dubai has signed an accord to build infrastructure in Jammu and Kashmir, the government said on Monday, at a time when the region is seeing a resurgence in violence. No figure for the value of the accord was given.The memorandum of understanding by Dubai, part of the United Arab Emirates, is the first investment agreement by a foreign government in the region, following the scrapping of special status to Jammu and Kashmir and division of the state into two Union Territories.The government said the agreement will see Dubai building infrastructure including industrial parks, IT towers, multi-purpose towers, logistics centres, a medical college and a speciality hospital."The world has started to the pace (at) which Jammu and Kashmir is traversing on the development bandwagon," Union Minister Piyush Goyal said in a statement.The statement said different entities from Dubai had shown keen interest in investment in Kashmir.However, investment is fraught with risks as evidenced by a spate of terrorist attacks on civilians.On Monday, the authorities moved thousands of migrant workers in Kashmir to safer locations overnight.COMMENTSDubaiJammu and Kashmir Also Read Centre Infused Rs 1,31,000 Crore To Boost Agriculture: Union Minister"No Jobs In Bihar": Opposition Targets Nitish Kumar On Kashmir Killings Spooked By Killings, Workers From Other States Line Up To Leave J&K Bill And Melinda Gates' Daughter Walks Down The Aisle In Lavish Wedding Australia Enters Legal Fight Against Indian-Origin Teen's Climate Dare Dubai Signs Deal With India To Build Infrastructure In Jammu And Kashmir Bill Gates Warned In 2008 Over 'Inappropriate Emails' To Female Employee BJP, RSS To Hold Two-Day Coordination Meet From Today Climate Change: Why Carbon Dioxide Needs To Be Extracted From Thin Air Track Latest News Live on NDTV.com and get news updates from India and around the world.more

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