Investment Opportunities In India To Surpass $100 Billion, Saudi Crown Prince Says


Dubai News Report– Saudi Crown Prince Mohammed bin Salman has said investment opportunities for Saudi Arabia in India will exceed $100 billion and that he is ready for intelligence and political co-operation with India.

The remarks came shortly after the two sides signed agreements on co-operation in counter-terrorism, naval and cyber security.

The Crown Prince is in India on a two-day visit following his Pakistan‘s visit and amid exchange of barbs between New Delhi and Islamabad over a terror attack in the disputed Kashmir province.

“We hope that investment with India will create many job opportunities,” the Saudi royal said on Wednesday. “Saudi is not just a country that sells oil but is a state of investment.”

“Saudi’s relationship with India goes back thousands of years. We’ve achieved significant returns by investing in India over the past few years,” he said.

Shortly before the start of the press conference, the two sides signed a joint agreement on fields including tourism and technology.

The leaders of India and Saudi Arabia signed five bilateral agreements at the event in New Delhi.

Prince Mohammed also said Saudi Arabia is ready to co-operate in intelligence and security sharing, as India seeks revenge for a terror attack in Kashmir, which they claim was orchestrated by Pakistan.

“On the issue of extremism and terrorism, which is a common concern, we want to tell India that we will cooperate in every way, including intelligence sharing,” the Crown Prince said.

The Crown Prince’s visit comes days after a militant attack in the disputed region of Kashmir which involved a bombing of a security convoy in which 40 Indian paramilitary police were killed. The attack was claimed by a Pakistan-based militant group.

During the press briefing, India’s Prime Minister Narendra Modi said he had agreed with Saudi Arabia to strengthen cooperation on counter-terrorism, naval and cyber security.

Earlier, Prince Salman received a ceremonial welcome at New Delhi’s presidential palace.


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