<span style="color: black;">In a historic move, Jammu and Kashmir administration and the Dubai Government have signed a Memorandum of Understanding (MoU) for real estate development, industrial parks, super specialty hospital and </span>various business enterprises in the Union Territory<span style="color: black;">.</span><br />'' <br />''Union Minister Piyush Goyal said, with the signing of the MoU with Dubai Government, the world has started to recognize the pace with which Jammu and Kashmir is traversing on the development bandwagon. He said, the MoU gives out a strong signal to the entire world that the way India is transforming into a global power, Jammu and Kashmir is having a significant role in that as well.<br />'' <br />''The Union Minister observed that this MoU is a significant move towards rapid development and Industrial growth in J&K and is a milestone after which the investment will pour in from the entire globe and is a big developmental push. He said different entities from Dubai have shown keen interest in investment and the recent industrial package of 28,400 Crore rupees is a testimony towards ensured development of the Union Territory.<br />''<br />''Speaking o<span style="color: black;">n the occasion</span>, Lieutenant Governor Manoj Sinha said, the MoU is the beginning of a new partnership between Dubai and Jammu and Kashmir which will help it to scale new heights in industrialization and sustainable development. He thanked the Union Minister for giving a focused attention towards creating a smart industrial ecosystem in the Union Territory and tirelessly making efforts to bring investment and build an efficient pool of skilled human capital for sustained growth.<br />'' <br />''<span style="color: #222222;">Group Chairman and CEO of Dubai based DP World Sultan Ahmed Bin Sulayem expressed confidence that the MoU would bring many opportunities to transform the industrial sector in Jammu and Kashmir. He informed that DP World is a leading provider of smart logistics solutions enabling the flow of trade across the globe.</span><br />