Saudi Arabia plans to invest $ 100 billion in India

The investment will be made in petrochemicals, mining, minerals, agriculture, infrastructure and other sectors.

Saudi Arabia Ambassador to New Delhi Dr. Saud bin Mohammed Al-Thati, in an interview to the Indian News Agency 'Press Trust of India', said that Saudi Arabia has 100 in India. Billion dollars worth of investment has already begun. The investment will be made in petrochemicals, mining, minerals, agriculture, infrastructure and other sectors.
Saudi Arabia's ambassador said in the interview that his country is evaluating investments in other sectors including oil, gas and mining for long-term relations and partnerships. Because Saudi Arabia views India as an attractive investment destination. Later, the relations between the two countries will be further strengthened in the energy sector.
Aramco will invest in India's oil supply, marketing, petrochemicals and refineries refineries. A partnership with Reliance Group in Maharashtra in this regard will result in a $ 44 billion US-based oil refinery. And the Petrochemical Project will result in immense closeness in the business sector between the two countries. Trade and commerce are also being promoted in Saudi Arabia and India in other sectors under the Vision 2030 of the Saudi Crusader Pact.

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