Rizwan Sajan in his office in Jebel Ali Image Credit: SUPPLIED

Dubai: Indian businessman Rizwan Sajan, founder and chairman Danube Group, joins the list of entrepreneurs from the UAE to be issued the long term 10-year residency visa.

On Thursday, the billionaire businessman who has lived in the country for 25 years, received his passport in the office of Major-General Mohammad Ahmad Al Merri, director-general of GDRFA, with the new residence visa stamped.

He is reportedly the fourth businessman to get the long-term residency visa.

Rizwan Sajan 10 year visa
Rizwan Sajan received his long-term residency visa stamped on his passport on Thursday Image Credit: Supplied

On May 22, two other Indian businessmen - Vasu Shroff, chairman- Regal Group of Companies and Khushi Khatwani, managing director, Khushi Group of companies & Al Nisr Cinema Film received their long-term visas.

Speaking to Gulf News in a telephone interview, Sajan welcomed the move and thanked the UAE government for recognizing his efforts towards the investments he made in the country.

“I came here with nothing and everything I have achieved has been in the land of UAE. The profits earned from my businesses have all been reinvested in the UAE as I have immense trust and faith in the way this country encourages entrepreneurs like me,” said Sajan.

“The 10-year visa is a reaffirmation of the UAE government’s appreciation of our efforts,” he said.

Sajan said he is eagerly awaiting the “Golden Residency”.

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He added the move from the government will greatly encourage new investors to enter the UAE market. “We have all the infrastructure in place for a business to thrive in the UAE and with the necessary support from the government we can expect a spike in the growth of the economy,” said Sajan.

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Danube Group was established by Sajan. The company started as a small trading firm. Moving from strength-to-strength, the company has established itself as one of the leading players in the building materials business. In 2015, the company recorded a turnover of Dh5.14 billion and has been growing ever since. The company has diversified from its main business to establish Danube Home.