Indian PM arrives in Saudi Arabia to attend FII2019

Indian PM arrives in Saudi Arabia on a two-day visit

“I arrived in Saudi Arabia in an important visit aims at strengthening relations with a friendly country that we are very proud of and I will be engaged in busy programs during the visit,” Indian PM tweeted in Arabic.

Indian PM: “Partnership with Saudi Arabia includes downstream oil and gas projects, and India looks forward to working closely with Aramco and investing in oil projects”.

“Saudi Arabia will invest in downstream oil and gas projects in India as part of a strategic partnership between the two countries, a move that also contributes to providing a permanent outlet for the sale of crude from the world’s largest oil exporter,” Indian PM, Narendra Modi said on Tuesday.

Modi, who is on a two-day visit to Riyadh for participating in the FII2019, will meet Saudi King Salman bin Abdul-Aziz and Crown Prince Mohammed bin Salman later in the day.

“From a buyer-seller relationship, we are now moving towards a closer strategic partnership that will include Saudi investments in downstream oil and gas projects,” Modi’s office said in an official statement.

For his part, the Governor of the Public Investment Fund (PIF), Yasser Al-Rumayyan, confirmed that the attendance of the FII2019 has doubled from the first session.

It’s noteworthy that the FII2019 Forum, sponsored by the PIF, kicked off Tuesday in Riyadh with the participation of 49 partners and a high presence of heads of state and government officials from various countries.