(MENAFN) Saudi businessmen plan to invest in India"s lucrative projects to accelerate distinctive growth and woo funds from Saudi Arabia and other Gulf countries, according to Arab News.
Hamad S. Al-Battal, director of a business consultancy firm and chairman of Seagulls Group, said: "Many Saudis are interested to invest in India being one of the fast growing Asian economies with a large population and it's the duty of Indian missions in the Kingdom to mobilize such investments."
Al-Battal emphasized the historic relations between India and Gulf countries.
Al-Battal added: "The introduction of Islamic finance in India will boost trade and economic ties between the two sides."
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