Saudi Arabia has given licence to 30 Indian companies in the first quarter of the total 267 foreign investors, according to Saud Al-Sati, Ambassador, Royal embassy of Saudi Arabia in India.
In February, both countries also identified 40 opportunities for collaboration and investment across various sectors. Our current bilateral trade is approximately $34 billion, and will undoubtedly increase soon with enhanced cooperation in technological, economic and cultural fields, he said.
The Ambassador was speaking at an interactive session with the captains of industry organised by the FICCI Telangana State Council. The meeting focused on “Scope of Indo-Saudi Bilateral Trade given new Political Bonhomie”.
