Indian Real Estate Developer Tricolour Opens Office in UAE

Tricolour, an Indian real estate developer, has opened its first foreign office in Dubai, to create 3,000 employment over the next three years. Sheikh Ahmed Bin Faisal Al Qassimi's private office has also struck a deal with the company for commercial and residential property development throughout the emirates. Chandan Kumar Jha, chairman and managing director of Tricolour; Ranjan Kumar Jha, executive director of Tricolour Group; Tomasz Zaleski, chairman of Sheikh Ahmed Bin Faisal Al Qassimi's private office; and Salwa Abdul Aziz Zein, CEO, recently signed a memorandum of understanding in Dubai. "We are thrilled to join with Sheikh Ahmed Bin Faisal Al Qassimi's office to bring more projects and our expertise here in the UAE," Jha said, citing his extensive property development portfolio in India's six main cities. In the next three years, he noted, Tricolor's projects will produce up to 3,000 jobs in the UAE. "We're excited to work on significant projects that will help people in the UAE find work." Huge construction projects will be done in the real estate sector, not just in Dubai but also in other parts of the world, such as Africa," he added.