Al Ali Group Dubai to invest in Nepal’s tourism sector

The Al Ali Group of Dubai has expressed its desire to invest in Nepal’s tourism sector in collaboration with Ajaya, a renowned business group from Dubai. A partnership agreement has been announced between Ajaya Diamond, based in Nepal’s capital, and the Al Ali Group. Yakub Al Ali, the executive chairman of the Al Ali Group, and Rakesh Kumar Adhikari, the chairman of Ajaya Nepal, have signed a memorandum of understanding (MOU). This partnership aims to bring expertise and investment together to establish a presence in the global market, with the expectation that Ajaya will quickly gain recognition in the global market. This partnership is seen as encouraging for bringing an experienced and reputable company from Dubai, a renowned tourism destination, into Nepal’s tourism sector. Additionally, both parties hope that this partnership will also contribute to the promotion of Nepali handicrafts in the global market. The Al Ali Group has expressed its intention to invest in resorts in the hospitality sector as part of its entry into Nepal.