The total wealth of the richest Indians in the Arab Gulf states is $26.4 billion

Forbes Middle East revealed the sixth edition of the annual list (The Most Powerful Indian Business Leaders in the Arab World for 2018), in a ceremony held to honor Indian business leaders and executives who have achieved remarkable success in the economic fields, in the presence of His Excellency Mr. Navdeep Singh Suri, Ambassador of the Republic of India In the UAE, a group of the most important CEOs of public and private companies.
The Indian Ambassador to the UAE praised the contributions of the Indian community around the world, and said: “Many Indian leaders hold important key positions in the UAE and the region. We are fortunate that these leaders represent their country in the UAE and work to bridge the gap between the two countries.” He added, "The successes of Indian business leaders have not only emerged in the Arab world, but also in India, as they have contributed to a number of sectors such as healthcare, retail, and hospitality, which helped create better job opportunities and infrastructure in India."
Forbes Middle East’s list of “The Most Powerful Indian Business Leaders in the Arab World 2018” included two main categories; The first is for founding business leaders with “100 businessmen” who established major international companies in a number of vital sectors in the region. The multi-sector companies topped the list with 21 out of 100 companies, followed by the retail sector, then real estate and construction. While the retail tycoon Youssef Ali M. A, managing director of Lulu Group International, tops the list, followed by PR Shetty, founder of NM. C Healthcare. The list revealed that the total wealth of the rich Indians in the Arab Gulf states amounted to 26.4 billion dollars.
The second category included the executive departments of "50 CEOs", headed by Sanjeev Kakar, Executive Vice President for the Middle East and North Africa, Turkey, Russia, Ukraine and Belarus at (Unilever), followed by Kalyana Sivannam, President / Regional Vice President for the Middle East, Africa and India in April, while Adnan Chilwan, President Dubai Islamic Bank Group CEO ranked third. The list showed that 22% of the executive leaders work in the banking and financial services sector.
The new generation
Forbes Middle East revealed the list of the "next generation" of Indian business leaders, who are leading family businesses. The average market value of family businesses in India is $6.5 billion, which puts the Asian country in the 22nd place globally, in terms of average market capitalization.
Commenting on the list and the celebration, Kholoud Al-Amyan, Editor-in-Chief of (Forbes Middle East) said: “It is very rare to see these leaders gathered under one roof to celebrate their success over the past 6 years, and they are an example to follow for the next generation. These events also constitute a new standard for the new generation to achieve greater successes along its path.”
The ceremony was held with the support of (Forbes Middle East) along with a number of partners, namely: Dubai financial services company Morgan Gatsby, and “A.I. Care Insurance” the leading global insurance company, Radio 4 - 89.1 FM as exclusive broadcast partner; Sony TV, MM TV and Manorama TV.