Crown prince: Saudi investment in India to reach $100bn

[RajaRawal111]

• Mohammed bin Salman says value of investments to increase rapidly over next two years
• Modi praised relations between the two countries after signing cooperation agreements

DUBAI: Crown Prince Mohammed bin Salman said on Wednesday he expects Saudi Arabia’s investments in India will be worth $100 billion in the next two years.
During a press conference with India’s Prime Minister Narendra Modi, the crown prince said the Kingdom had invested $10 billion in technology and small companies in India which had “achieved very remarkable returns.”

https://twitter.com/x/status/1098216228550782976
Big announcement - Saudi Arabia to invest $100 bn in India - a huge vote of confidence in the Indian economy. PM @narendramodi welcomed announcement by #SaudiCrownPrince to invest in areas like energy, refining, petro-chemicals, infrastructure, agriculture, manufacturing, etc.

Speaking on the second day of hist India visit, and after the signing of five agreements with Modi, the crown prince also said that there were many opportunities for India in Saudi Arabia.

“We expect that the opportunity we are developing in India in many fields will exceed 100 billion dollars over the next two years,” Prince Mohammed said. “We want to work as two governments to ensure these investments and achieve beneficial returns for both countries.

“We also hope that relations between the Kingdom of Saudi Arabia and India will contribute to providing more opportunities for Indian laborers and manpower to contribute to the future of the Kingdom of Saudi Arabia and building the Kingdom's Vision 2030.”

The crown prince spoke of the depth and history of relations between the two countries, acknowledging the role Indian labor and businesses had played in the Kingdom’s development.

He also said the economic partnerships were grounded in the two nation’s similar challenges - “extremism, terrorism and the security of the Indian Ocean.”
He said Modi’s visit to the Kingdom in 2016 had achieved investments worth $44 billion in refining and petrochemicals.

The two countries planned to expand India’s oil storage capacity to make India an “important regional center in distributing oil and its products.”
The crown prince and Modi earlier oversaw the signing of agreements in the fields of investment, tourism, housing and information and broadcasting.

https://twitter.com/x/status/1098152496600473600
Adding new dimensions to historical ties
5 documents were exchanged in the presence of PM @narendramodi & HRH Prince Mohammed bin Salman, Crown Prince of Saudi Arabia, in areas of investment, tourism, housing and information & broadcasting. Full list at http://mymea.in/dv6

The crown prince arrived in India after a two-day trip to Pakistan as part of a tour of Asia.
Earlier he attended a ceremonial welcome in New Delhi after landing in the country on Tuesday evening.

Crown prince: Saudi investment in India to reach $100bn

DUBAI: Crown Prince Mohammed bin Salman said on Wednesday he expects Saudi Arabia’s investments in India will be worth $100 billion in the next two years. During a press conference with India’s Prime Minister Narendra Modi, the crown prince said the Kingdom had invested $10 billion in technology...

www.arabnews.com

https://twitter.com/x/status/1098216228550782976

 

[راجہ نوید اقبال]

waiting money b/c in 2020 there would be no country exists in the world whose name is india

 

[عمر]

So the question is what were previous governments doing while Saudi Arabia was investing heavily in India? Interestingly they claimed to have very close relations with the Royal family.

 

[sakayani]

Investment is the best tool to exercise power over the countries.

 

[Okara]

PMLN is more happy on Saudi Investment in India than Pakistan what a great neighbors.

 

[Diljaly]

http://imgur.com/a/pkyDNsG

 

[Lefty]

hum pagal ni hain jo doosroan ki kamai ko daikh ker apna khoon jalain wo unko suit kerti hain or hamay 21Bn suit kerti hai set ho gaye to hamay ALLAH or b chances dai gai tension na lo tum thread starter sb

 

[RajaRawal111]

Investment is the best tool to exercise power over the countries.

There is a wisdom hidden in this statement.
A very high hope and optimism. ----- Of Saudia controlling India and making them bow in front of Pakistan

 

[shafali]

PMLN is more happy on Saudi Investment in India than Pakistan what a great neighbors.

Well said.

 

[stoic]

So the question is what were previous governments doing while Saudi Arabia was investing heavily in India? Interestingly they claimed to have very close relations with the Royal family.

Khaqan Abbasi even with the help of Gen Bajwa managed to get a total of 52 seconds of saudi's time. That's a big number don't you think?

 

[sakayani]

There is a wisdom hidden in this statement.
A very high hope and optimism. ----- Of Saudia controlling India and making them bow in front of Pakistan

Indeed, receiving country has to watch investors' interests in return, it is a ground rule.

 

[Okara]

So the question is what were previous governments doing while Saudi Arabia was investing heavily in India? Interestingly they claimed to have very close relations with the Royal family.

If our great leader Mian Nawaz was not going through some Gynecological complications he might be still our PM and then Saudis might be investing more than 120bn in India instead of 100bn in India and 20bn in Pakistan so Raja is worried why Saudis invested 20bn in Pakistan and his concerns are legit.

 

[Annie]

اس تھریڈ اور نیوز کو شئیر کرنے کا مقصد کیا ہے ؟

 

[RajaRawal111]

Indeed, receiving country has to watch investors' interests in return, it is a ground rule.

No worries Sir, out of all comments this one caught my eye. The height of hope makes it totally untouchable for me.

 

[surfer]

• Mohammed bin Salman says value of investments to increase rapidly over next two years
• Modi praised relations between the two countries after signing cooperation agreements

DUBAI: Crown Prince Mohammed bin Salman said on Wednesday he expects Saudi Arabia’s investments in India will be worth $100 billion in the next two years.
During a press conference with India’s Prime Minister Narendra Modi, the crown prince said the Kingdom had invested $10 billion in technology and small companies in India which had “achieved very remarkable returns.”
View image on Twitter


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Speaking on the second day of hist India visit, and after the signing of five agreements with Modi, the crown prince also said that there were many opportunities for India in Saudi Arabia.
“We expect that the opportunity we are developing in India in many fields will exceed 100 billion dollars over the next two years,” Prince Mohammed said. “We want to work as two governments to ensure these investments and achieve beneficial returns for both countries.
“We also hope that relations between the Kingdom of Saudi Arabia and India will contribute to providing more opportunities for Indian laborers and manpower to contribute to the future of the Kingdom of Saudi Arabia and building the Kingdom's Vision 2030.”

The crown prince spoke of the depth and history of relations between the two countries, acknowledging the role Indian labor and businesses had played in the Kingdom’s development.
He also said the economic partnerships were grounded in the two nation’s similar challenges - “extremism, terrorism and the security of the Indian Ocean.”
He said Modi’s visit to the Kingdom in 2016 had achieved investments worth $44 billion in refining and petrochemicals.
The two countries planned to expand India’s oil storage capacity to make India an “important regional center in distributing oil and its products.”
The crown prince and Modi earlier oversaw the signing of agreements in the fields of investment, tourism, housing and information and broadcasting.
View image on Twitter


96 people are talking about this

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The crown prince arrived in India after a two-day trip to Pakistan as part of a tour of Asia.
Earlier he attended a ceremonial welcome in New Delhi after landing in the country on Tuesday evening.

Crown prince: Saudi investment in India to reach $100bn

DUBAI: Crown Prince Mohammed bin Salman said on Wednesday he expects Saudi Arabia’s investments in India will be worth $100 billion in the next two years. During a press conference with India’s Prime Minister Narendra Modi, the crown prince said the Kingdom had invested $10 billion in technology...

www.arabnews.com

If only we had spent last 10 years developing our Human Resources instead of building buses and trains in one city and looting the treasury of another city, we could have been getting more investment as well. Never mind, better late then never.

I guess MBS and Saudis were waiting for a trustworthy PM in pak to invest.

Incidentally, I was checking India media earlier. A lot of them are angry at modi as neither he nor MBS took Pakistan’s name when talking about terrorism. Looks like IK’s speech and private discussions had some benefits for us.

 

[RajaRawal111]

اس تھریڈ اور نیوز کو شئیر کرنے کا مقصد کیا ہے ؟

خبر بیبی

 

[kakamana]

There are two things to understand the whole story.... check nadeem malik interview where saudia already decided during last PML N era when khaqan abbasi visited ksa along with army chief, even at tht time it was decided for this kind of investment & pakistan wasn't even in picture and then b/c of current leadership it was made possible for this much investment in paksitan.
Secondly im amazed at source of this news a twitter handle????

 

[Okara]

Khaqan Abbasi even with the help of Gen Bajwa managed to get a total of 52 seconds of saudi's time. That's a big number don't you think?

Please don't distort the facts. This meeting was 85 seconds long where Saudis nodded positively saying Insha Allah.

 

[Geek]

خاقان عباسی جب بطور وزیر اعظم سعودیہ گئے تو انہوں نے کہا آپ بھارت میں 40ارب کی ریفا ئینری لگا رہے ہیں پاکستانی میں بھی چار پانچ ارب کی لگا دیں تو ، سعودیہ نے انشا الله بردار کہہ کر ٹرخا دیا
​

 

[RajaRawal111]

There are two things to understand the whole story.... check nadeem malik interview where saudia already decided during last PML N era when khaqan abbasi visited ksa along with army chief, even at tht time it was decided for this kind of investment & pakistan wasn't even in picture and then b/c of current leadership it was made possible for this much investment in paksitan.
Secondly im amazed at source of this news a twitter handle????

Source of news is Arab news. While for mating Admin may have deleted the link

Crown prince: Saudi investment in India to reach $100bn

DUBAI: Crown Prince Mohammed bin Salman said on Wednesday he expects Saudi Arabia’s investments in India will be worth $100 billion in the next two years. During a press conference with India’s Prime Minister Narendra Modi, the crown prince said the Kingdom had invested $10 billion in technology...

www.arabnews.com