Saudi Arabian Crown Prince on state visit to India next week
He will hold bilateral talks with Prime Minister Modi on wide range of issues of mutual interest. A Ministry of External Affairs statement said that there has been significant progress in bilateral cooperation in key areas of mutual interest, including energy security, trade and investment, infrastructure, defence and security.
Modi had visited Saudi Arabia in April 2016 during which the two countries agreed to further elevate the existing strategic partnership. Prince Salman will be accompanied by a high-level delegation including ministers, senior officials and leading Saudi businessmen.
Saudi Arabia is India's fourth largest trading partner with bilateral trade reaching $23.24 billion in April-November 2018. It supplies about 20 per cent of crude requirements to India. Recently, Saudi ARAMCO, in partnership with ADNOC of the UAE, has entered into a Joint Venture for $44 billion Ratnagiri Refinery and Petro-Chemical Project Ltd.
The release said that nearly 2.7 million strong Indian community forms the largest expatriate group in Saudi Arabia. "Their positive and highly-appreciated contribution to the development of their host country has been an important anchor of our excellent bilateral engagement.
Over 1,75,000 Indians visit Saudi Arabia every year for Haj pilgrimage. During his visit, the Saudi Prince will also call on President Ram Nath Kovind.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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