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Home Economy

Saudis seek more proactive participation from Indian businesses

Fiinews by Fiinews
November 29, 2018
in Economy, Exports, Investment, Manufacturing, Projects, Technology
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Indians to bring expertise to Saudi Arabia

 

The Indian-Saudi meeting on 28 Nov 2018 in Riyadh.

India is one of the 8 countries on the preferred list of Saudi Arabia which is keen on getting more proactive participation from Indian companies for business, trade and regional cooperation.

Stating this on 28 Nov 2018, the Indian Ambassador to Saudi Arabia, Ahmed Javed, pointed out the important changes taking place in the Kingdom.

The envoy briefed the Saudi-India Business meeting, held by the Council of Saudi Chambers during the visit of the Indian Infrastructure & Housing delegation to the Kingdom of Saudi Arabia.

The Saudi delegation was headed by Kamel S. Almunajjed, Chairman of Saudi Indian Business Council and the Indian side was led by Manoj K Bharti, Additional Secretary, ED Division of the Ministry of External Affairs.

Bharti assured that the Indian government’s commitment to work for enhancing the relationship between the two countries.

He added that Indian companies in this delegation are more than willing to bring their professional expertise to Saudi Arabia.

The meeting was attended by top officials and CEOs of companies of Saudi Arabia.

The Indian delegation is being represented by several leading infra and housing companies.

Construction for housing and infrastructure is a booming sector in Saudi Arabia with mega projects like NEOM, Qiddiya and Red Sea Entertainment being set up.

There is also great opportunity for India to explore in the entertainment sector as the Saudi Government is aiming to curb the flow of people of Saudi abroad for leisure and entertainment and attract foreign tourists to Saudi Arabia. fiinews.com

Tags: Ministry of External Affairs.
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