Umar Farooq Zahoor, Pakistani- Norwegian businessman in Dubai who is an entrepreneur, investor and philanthropist, has been bolstering region and many other region’s efforts in fighting the coronavirus pandemic by investing in fields which will help the government and the society by various means.
Umar Farooq Zahoor at his Home in Covid-19 CORONAVIRUS PANDEMIC
Mr. Zahoor also argues that it is a good idea to continue investing during a pandemic, noting that any correction is an opportunity for wealth creation.
Although some businesses and investors across the UAE and the GCC area are facing the dull feeling of a strange global coronavirus outbreak (COVID-19) market, other investors and funds make the most of the possibilities of shifting customer behaviour.
The pandemic’s ‘working from home’ circumstances represent a particular way of promoting transition. “People have been thinking in terms of investment in various companies for years but now we are beginning to see technologies that will enable us to have a different working perspective,” according to Umar Farooq Zahoor.
The founders are believed to be overlooked in the Middle East. Sheikh Umar Farooq Zahoor argues that ‘’we still have an opportunity to spend more than we do in people and ideas in businesses and properties. That’s changing, but I want it to change more quickly. When you ask an investor what are the key qualities of entrepreneurs, you would claim courage and the capacity to think outside of the box. They are strong. These are things that you learn from an early age or teach you various things in your life.’’
Being a humanitarian that he is, Umar Farooq Zahoor has done a great deal of social work to support the country’s health authorities and to quarantine patients affected by Coronavirus. Umar Farooq Zahoor has contributed to the relief work being undertaken to reduce the effects of Covid-19 in every way possible.
Mr. Umar Farooq is a great businessman and investor and he believes that the world of internet, digital media and e-commerce will play a huge role now in these times of Covid-19. And thus, investment in this field will turn out vital and contribute to society a lot.
Tremendous business opportunities are being seen now. It’s a time to widen our range of goods. Our portfolio is built on the present situation of the COVID-19, if anything, “said Umar Farooq.
Long-term expectations of Sheikh Umar Farooq Zahoor are that e-commerce revenues should remain a share of total retail spending in the UAE and in the GCC. In other markets the penetration of e-commerce is around three to four times the UAE.
Sheikh Umar Farooq Zahoor 