Abu Dhabi based Forbes billionaire Mr Yusaffali MA to open a new £50 million food processing unit in Britain targeting the halal markets in Indonesia and Malaysia…. reports Asian Lite News
Mr Yusaffali MA, who recently won the Queen’s Enterprise Award 2017, the most prestigious award in Britain for business excellence, for his contribution to the UK’s trade, industry and economy, in an exclusive interview with London-based Asian Lite said the British quality standards are well recognised all over the world and it will stimulate his exporting operations.
“Britain is a great trading nation and it survived many challenges like World Wars and recessions,” commented Yusaffali in response to the ongoing uncertainty over the Brexit deals. “Britain and its democratic systems are resilient to tide over the fall outs of Brexit.”
“I am grateful to Queen Elizabeth II for honouring me for my little contribution to this great country,” said Mr Yusaffali.
Along with other recipients of the 2017 awards, Mr Yusaffali attended a special reception at Buckingham Palace. The queen congratulated him for his success.
Yusaffali said the recognition for his Birmingham-based Y International (UK) Ltd will spur his Abu Dhabi headquartered Lulu Group International to further expand business interests in the UK. The group also invested over £60 million in London-based East India Company and its foods subsidiary division.
“This great recognition will help us further strengthen our plans to expand business interests in UK and continue with our innovations and contributions to the dynamic economy of UK,” the Kerala-born tycoon said.
Y International UK Ltd’s food processing plant, which employs 300 local staff, was established in Birmingham in 2013 to source and process food products from UK to support the demand for high-quality British products for sale in Lulu Group’s hypermarkets across the Middle East, India and Far East.
The Queen’s Award for Enterprise is conferred annually by Queen Elizabeth II on her birthday, April 21, upon businesses that display great enterprise across the fields of innovation, international trade, promoting opportunity through social mobility and sustainable development. The awards are open to nominations and selected based on the recommendation of Downing Street and published in the official London Gazette.
All entries are subject to auditing and scrutiny by over 30 UK government agencies before being included in the roll of honour. Y International (UK) Limited, Birmingham, listed in the Gazette as an international distributor of grocery products, perishables products and non-foods products, was chosen in the international trade category.
The 6.9-billion-dollar Lulu Group, ranked as a top retailer in the MENA region and listed among the top 50 fastest growing retailers in the world by Deloitte, has made UK headlines in recent years for acquiring the iconic Scotland Yard building in London.