Saudi Arabia keen to invest in India 

(MENAFN - Arab News) The Kingdom is keen to promote commerce and investment with India, especially in the southern state of Andhra Pradesh, said Saudi Arabia's ambassador to India Saud Mohammed Al-Sati.

Saudi Arabia is "investing heavily" abroad, he added. After a two-day visit to Hyderabad, Al-Sati told IANS: "Hyderabad is hub of innovation, information technology, biotechnology, engineering and pharmaceuticals. We can explore the opportunities for partnerships."

"I learned about opportunities here in all sectors of the economy. I would like to see more Saudi companies investing in India, especially in Andhra Pradesh," he said.

Al-Sati also invited businessmen and industrialists from the state to invest in Saudi Arabia, according to Deccan Herald. "The Kingdom is investing heavily. The size of investment is unprecedented in infrastructure, transport, health sector, renewable energy, airports and sea ports. I told this to friends of the Kingdom and to people from all walks of life and invited them to come and see the program for themselves," Al-Sati told IANS.

During the visit, the ambassador met Andhra Pradesh Chief Minister N. Kiran Kumar Reddy, Gov. E.S.L. Narasimhan, among others.

"I discussed with the chief minister and the governor ways to strengthen relations, especially in commerce, joint ventures and investments and to inform business communities, chambers of commerce and industrialists about the business opportunities in the Kingdom," he said.