New Delhi: Saudi Arabia is looking at the possibility of investing $ 100 billion in other sectors including petrochemicals, infrastructure and mining in the country in view of India's economic growth prospects. Ambassador of Saudi Arabia Dr. Saud bin Mohammed Al Sati said that India is an attractive investment destination and Saudi Arabia is focusing on long-term partnership in key sectors like oil, gas and mining.
He said in an interview that 'Saudi Arabia is looking at possibilities of investing $ 100 billion in sectors such as fuels, refining, petrochemicals, infrastructure, agriculture, minerals and mining'. He said that Saudi Arabia's largest oil company Aramco's proposed partnership with India's Reliance Industries provides insight into the strategic nature of the energy relations between the two countries.
Al Sati said that from 2030, the vision of Crown Prince Mohammed bin Salman of Saudi Arabia, there will be a commendable expansion in trade and trade between the two countries in different areas. Saudi Arabia is trying to reduce financial dependence on petroleum products under the Vision 2030. Let us tell you that India buys 17 percent crude oil and 32 percent LPG from Saudi Arabia.
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