Saudi Arabia planning $100 billion investment in India | Editorji
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Saudi Arabia planning $100 billion investment in India

Sep 29, 2019 17:52 IST

Saudi Arabia is planning to invest $100 billion in India in areas like mining and petrochemicals. This is part of Saudi's long-term partnership plans with India. Saudi Ambassador Dr Saud bin Mohammed Al Sati has said that investing in India's value chain is a key part of Aramco's global downstream strategy. Reliance Industries Chairman at the 42nd AGM announced a partnership with Saudi Aramco worth $15 billion. Al Sati added that around 40 projects have been identified for investments and collaborations in various sectors and the $34 billion bilateral trade will continue to increase.

Global Business