Saudi Arabia signs 47 MOU’s with India
Saudi Arabia and India have signed a bilateral agreement to preserve the investment landscape in both countries, said a senior minister at the ongoing Indian-Saudi Investment Forum in New Delhi, Arab News reported.
Speaking at the forum, Badr Al-Badr, the deputy minister of investor outreach at the Saudi Ministry of Investment, said: “The Ministry of Investment of Saudi Arabia and Invest India have signed a bilateral agreement to strengthen mutual investment endeavors, and give the comfort zone to investors and traders to do more business.”
The deputy minister further revealed that both nations signed 47 memorandums of understanding, including agreements between private and public sector undertakings.
“Saudi Arabia and India are the right fit for each other. Your demand is our sup...