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Saudi-India Forum Kicks off in New Delhi

Saudi-India Forum Kicks off in New Delhi

Wednesday, 20 February, 2019 - 19:00
The Saudi-India Forum meets in New Delhi. (SPA)
Asharq Al-Awsat
The Saudi-India Forum kicked off in New Delhi on Wednesday on the sidelines of the official visit to India by Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, reported the Saudi Press Agency.

The forum was held with the aim to strengthen joint cooperation and economic and cultural relations to achieve sustainable development goals in various sectors.

It witnessed the signing of two agreements with SoftBank Vision Fund to introduce investment opportunities in the Saudi market and with Ion Exchange Company in the sector of water treatment and distribution. The agreements were signed by General Investment Authority (SAGIA) Governor Ibrahim bin Abdulrahman Al-Omar.

The forum was co-organized by SAGIA, the Saudi Center for International Strategic Partnerships and the Confederation of Indian Industry.

It was attended by 400 participants representing the leaders of major economic and investment institutions in Saudi Arabia and India, as well as decision-makers of government institutions.

The forum also witnessed the signing of nine agreements in various sectors, including minerals, exploration, entertainment, pharmaceuticals, communications and information technology.

SAGIA also granted four service, industrial and commercial licenses to Indian companies to practice their investment activities in the Kingdom.

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