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Business Economy


Saudi-India Business meeting held in Riyadh

New Delhi/Riyadh, Nov 28 (UNI) Saudi-India Business meeting was held with Council of Saudi Chambers during the visit of the Indian Infrastructure & Housing delegation to the Kingdom of Saudi Arabia.
Indian delegation was led by Manoj K Bharti, Additional Secretary, ED Division, Ministry of External Affairs, Government of India while the Saudi side was headed by Kamel S Almunajjed, Chairman of Saudi Indian Business Council.
Speaking to the Indian delegation in the Saudi Arabia’s capital , Indian Ambassador to Saudi Arabia Ahmed Javed said that there were important changes taking place in Saudi Arabia and India is one of the eight countries on the preferred list of Saudi Arabia.
More proactive participation from Indian companies for business, trade and regional cooperation is being welcomed, he said.

Mr Bharti promised that India was committed to working for enhancing the relationship between the two countries and the Indian companies in this delegation were 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(Saudi project for a smart and tourist cross-border city planned for construction), Qiddiya (one of three Saudi giga-projects)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, according to a release here on Wednesday.

UNI RSA ADG 1556
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