Indian businessmen invest $400 million in Saudi firms, JVs
Indian businessmen have invested SR1.5 billion ($400 million) in 39 companies and 30 joint ventures in the Kingdom of Saudi Arabia, according to Hifzur Rehman, consul information and administration at the Consulate General of India in Saudi Arabia.
Speaking to Arab News, he said trade exchange between the two sides had crossed $6.5 billion. India is the fourth largest market for Saudi exports and the ninth major destination for the Kingdom's imports.
- Egypt could receive up to $400 million of Indian investment
- Gulf and Moroccan businessmen form new firm to oversee building of 22,000 homes
- El-Quqa: Global Opportunistic Fund II Receives USD750 million Firm Commitments Four Weeks Since Launch
- Anything to get nationals to the private sector: Saudi govt cushions Saudization with subsidies, reduced work hours