PM Narendra Modi in Saudi Arabia Highlights: Prime Minister Narendra Modi on Tuesday held extensive talks with Saudi Arabia’s top leadership during which a Strategic Partnership Council was established to coordinate on important issues. Both the countries inked over a dozen agreements in several key sectors including oil and gas, defence and civil aviation to bolster their ties. Modi, who is on a two-day visit to the Gulf Kingdom to attend the Future Investment Initiative here, held talks with Saudi King Salman bin Abdulaziz and powerful Crown Prince Mohammed bin Salman, news agency PTI reported.
PM Modi has also invited Saudi companies to invest in India’s energy space saying that the government has set a target of $100 billion investment in the sector. Delivering the key note address at the Future Investment Initiative (FII) 2019 in Riyadh Modi said India also aims doubling of economy to $5 trillion in next five years.
Meanwhile, Saudi Arabia announced 23 investment agreements worth more than $15 billion in value. The deals were signed on the sidelines of the Future Investment Initiative, dubbed “Davos in the desert”.
Modi landed in Riyadh late Monday night on a two-day visit. This is Modi’s second visit to Riyadh, almost three-and-a-half years after his visit in April 2016.