Saudi Arabia sees $100 bn investment opportunity in India | Business

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Saudi Arabia sees $100 bn investment opportunity in India

Saudi Arabia sees $100 bn investment opportunity in India:  This investment from Saudi Arabia will be done in areas like energy, oil refineries, petrochemicals, infrastructure. Both countries expressed satisfaction at the establishment of the first joint venture in the field of energy, which is linked to oil refineries and petrochemicals projects and whose estimated cost is $ 44 billion.

Saudi Arabia sees $100 bn investment opportunity in India

New Delhi: India and Saudi Arabia have expressed their resolve to convert their economic ties to new heights and transform energy relations into a strategic alliance by moving ahead from the buyer and seller. Saudi Arabia announces $ 100 billion investment in India Foreign Ministry officials gave this information.

Foreign Ministry spokesman Raveesh Kumar tweeted, “Big Declaration. Saudi Arabia will invest $ 100 billion in India. “He said that Prime Minister Narendra Modi welcomed the announcement of Saudi Arabia’s billionaire Mohammed Bin Salman’s $ 100 billion investment in India. This investment from Saudi Arabia will be done in areas like energy, oil refineries, petrochemicals, infrastructure. Informing reporters about Saudi Arabia’s visit to Prince and his talks with Prime Minister Modi, Secretary (External Affairs) T. S. Trimurthy said that this announcement of investment by Saudi Arabia ($ 100 billion investment) demonstrates his belief in investing in India.

Saudi Arabia sees $100 bn investment opportunity in India, Agreement on setting up a Strategic Alliance Council

Trimurthy said that the two countries expressed satisfaction at the establishment of the first joint venture in the field of energy, which is related to the refinery and petrochemicals projects and whose estimated cost is $ 44 billion. The two sides agreed to establish a ‘Strategic Alliance Council’ which will be run under the guidance of the Prime Minister of India and the Prince of Saudi Arabia and it will represent the ministries. Under this, all dimensions of bilateral relations will be further extended. For the latest information or the latest news, you can visit www.indiatimelines.com.

Saudi Arabia sees USD 100 billion investment opportunity in India: ‘crown prince’ Mohammed Bin Salman, Signature on five agreements

Following the interaction between Prime Minister Modi and Yuvraj Mohammed bin Salman of Saudi Arabia, the two countries signed five agreements. In order to invest in the ‘National Investment and Infrastructure Fund’, the two countries signed a memorandum of understanding. Apart from this, there was an MoU on cooperation in tourism sector. Both countries also made an MoU for cooperation in the field of housing. A cooperation framework agreement was signed between India’s Invest India and Saudi Arabia’s General Investment Authority to promote bilateral investment relations. The MoU was signed between Prasar Bharati and Saudi Broadcast Corporation. On this occasion, Prime Minister Narendra Modi said that both the countries have made extensive and meaningful discussions on all subjects of bilateral relations.

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