‎50 agreements worth $3.5 billion signed during Saudi-Indian ‎Investment Forum

The Saudi-Indian Investment Forum, held today in New Delhi, witnessed the signing of 50 agreements worth $3.5 billion.

The Ministry of Investment signed a joint work program with the National Investment Promotion and Facilitation Agency of the Government of India, with the aim of enhancing bilateral investment cooperation, through exchanging investment ideas, cooperating in addressing challenges that investors may face, and organizing joint events.

The Saudi Export-Import Bank concluded a memorandum of understanding with the Indian Export-Import Bank, with the aim of developing aspects of joint cooperation, in order to enable the export of products and services between the two countries, and enhance its presence in the Saudi and Indian markets.

Areas of cooperation include exporting products and services, exchanging information and expertise, supporting joint projects, exploring opportunities, and entrepreneurship, as well as financing, extending credit lines, and issuing guarantees.