Saihati Group backs investment conference in Kerala

Four important social development projects requiring Rs.2 billion ($40.29 million) in investment will be showcased at an investment conference in Trivandrum, Kerala, from July 28 to 30. The conference, titled “Cities of Tomorrow-India,” is to be held with the support of Saihati Group in Dammam.

Speaking about the conference, Rafeek Younus, managing director of Saudi Engineering Group International (SEGI) and Orion Sargam, said “it’s a first of its kind in Kerala.” “It will bring together potential non-resident Keralite (NRK) investors in the Gulf with ministers and other top officials in the state, giving them an ideal environment to discuss business,”

Orion Sargam, an investment group of NRKs in Saudi Arabia, is spearheading the program to create investment opportunities for NRKs. “We have got the full support of the government,” Younus said. Union Cabinet Minister for Overseas Indians Affairs Vylar Ravi is likely to open the conference.

The four projects in Trivandrum to be promoted during the event are: Kundara Cultural Village, a technical college and two ventures associated with Kerala State Women Development Corporation and Small Industries Development Corporation.

Prominent artists and film stars have been invited to entertain the business leaders and their families. An award ceremony of Prem Nazir Foundation will be held on the sidelines of the conference. “Prem Nazir, who is the ever-green hero of Malayalam cinema, was a social reformer and legendary personality,” Younus said. The program includes visits to tourist centers in Trivandrum as well as a Soorya cultural show of music and dance by some 200 artists under the direction of Soorya Krishnamoorthy.