Saudi Arabia ready to invest $ 100 billion in India, after meeting PM Modi spoke Crown Prince

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Saudi Arabia ready to invest $ 100 billion in India, after meeting PM Modi spoke Crown Prince

Saudi Arabia's Crown Prince Mohammad bin Salman said on Wednesday that his country is looking at India as an opportunity, where he can invest up to $ 100 billion in the coming years. Following the talks between Prime Minister Modi and Saudi Arabia's Yuvraj Mohammed bin Salman, the five agreements between the two countries were signed. In this, the two countries signed a memorandum of understanding for investment in the National Investment and Infrastructure Fund.

Apart from this, there was an MOU on cooperation in the tourism sector. Both countries also made an MOU for cooperation in the field of housing. The collaboration framework has also been signed to promote bilateral investment relations between India's Invest India and Saudi Arabia's General Investment Authority. The MoU was signed between Prasar Bharati and Saudi Broadcast Cooperation.



On this occasion, Prime Minister Narendra Modi said, "The brutal terrorist attack in Pulwama last week is another brutal sign of the Kahran of the world that has been havoc with this humanitarian threat. He said, "To deal effectively with this threat, we agree that there is a need to increase all possible pressure on countries supporting any type of terrorism."

The prime minister said that eliminating the basic infrastructure of terrorism, ending its support and punishing terrorists and their supporters is very important. On this occasion, Saudi Arabia's Yuvraj Mohammed bin Salman said that we will cooperate with India in other areas, including sharing intelligence information.




Saudi Aram is talking to Reliance for investing in petrochemicals, refinery projects


World's largest oil exporter, Saudi Aram, said on Wednesday that it is in talks with Reliance Industries and other Indian companies to invest in petrochemicals and refinery projects in India. Saudi Arabia's national oil company is excited about India's energy demand and is eager to invest here. The company has taken 50 percent stake in public sector oil companies in the $ 44 billion Refinery-cum-Petrochemicals Complex in Maharashtra with its partner UAE partner Adenok.

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