Saudi Arabia’s Crown Prince Mohammed bin Salman continues his Asian tour today with a two-day visit to India.
The kingdom’s Deputy Prime Minister and Minister of Defence will hold bilateral talks with Indian Prime Minister Narendra Modi. It buil on
There are 2.7 million Indian expats in Saudi Arabia, according to the latest statistics. In addition, Saudi Arabia facilitates 175,000 Indians completing their Hajj pilgrimage every year.
“In recent years, there has been significant progress in bilateral cooperation in key areas of mutual interest, including energy security, trade, investment, infrastructure, defence and security,” the announcement from India’s Ministry of External Affairs said.
Saudi-India bilateral trade reached $27.48 billion during the year 2017-18, making Saudi Arabia India’s fourth largest trading partner.
Saudi Arabia contributes about 20 percent of India’s crude requirements. Recently, Saudi Aramco, in partnership with Abu Dhabi’s Adnoc, entered into a joint venture for $44 billion worth Ratnagiri Refinery and Petro-Chemical project Ltd.