The investments of Indian companies in the Saudi market are estimated at around $1.6 billion, said Hassan bin Mohamed Al Zahrani, Vice Chairman, Eastern Province Chamber of Commerce. He added that these investments are mainly in the energy, IT and manufacturing sectors.
The Kingdom owns mega investments in India through Aramco and SABIC, which are estimated at nearly $228 million, according to the official.
Trade exchange between India and KSA improved remarkably, as it rose 8% to SAR 151 billion in 2013, Al Zahrani said, adding that Saudi imports from India amounted to SAR 21 billion while its exports to India neared SAR 130 billion.
The Kingdom owns mega investments in India through Aramco and SABIC, which are estimated at nearly $228 million, according to the official.
Trade exchange between India and KSA improved remarkably, as it rose 8% to SAR 151 billion in 2013, Al Zahrani said, adding that Saudi imports from India amounted to SAR 21 billion while its exports to India neared SAR 130 billion.
Source:
Mubasher
