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Saudi Arabia strengthens ties with India through multibillion-dollar agreements

Published September 11th, 2023 - 06:12 GMT
Saudi-Indian officials
Saudi Crown Prince, Mohammed bin Salman (R) met with India's President Droupadi Murmu (L) in the Presidential Palace, New Delhi, today 11-09-2023. Photo tweeted in /@SaudiNews50
Highlights
Discussions included the ambitious "Economic Corridor project" connecting India, the Middle East, and Europe, a significant achievement requiring continued effort.

ALBAWABA- Saudi Arabia's Crown Prince Mohammed bin Salman met with India's President Droupadi Murmu at the Presidential Palace in New Delhi, reaffirming the importance of their strategic partnership. 

During the official visit, both leaders attended the Saudi-Indian Investment Forum, resulting in the signing of 50 cooperation agreements spanning various sectors, with a total value of $3.5 billion.

Saudi Crown Prince Mohammed expressed the Kingdom's commitment to deepening relations with India across all fields. 

Additionally, discussions included the ambitious "Economic Corridor project" connecting India, the Middle East, and Europe, a significant achievement requiring continued effort. 

The trade volume between the nations stands at approximately $52 billion, driven by Saudi Arabia's crude oil exports to India.

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