Riyadh – Mubasher: Saudi Arabia and India on Wednesday have announced signing five memorandums of understanding (MoUs) to boost cooperation in the infrastructure, mining, energy, tourism, and housing sectors.

The two Asian nations have a raft of investment opportunities that may reach $100 billion over the coming two years, Saudi Crown Prince Mohammed bin Salman bin said on the sidelines of a press conference with Indian Prime Minister Narendra Modi.

Bin Salman further noted that the kingdom seeks to provide job opportunities through these joint investments.

Earlier on Wednesday, the CEO of Saudi Aramco Amin Nasser stated that India is a key destination for the firm’s investments.