Saudi looking to invest $100 bn in India in agriculture, infra

सऊदी अरब भारत में कृषि, इन्फ्रा के क्षेत्र में $ 100 बीएन का निवेश करेगा

Points to Remember:

  • Saudi Arabia is planning to invest $100 billion in India in areas including infrastructure, agriculture and petrochemicals.
  • Saudi Ambassador Saud bin Mohammed Al Sati said that the country is also seeking a long-term partnership with India in key sectors like oil, gas and mining.
  • The two countries have a current bilateral trade of around $34 billion.
  • Note: Saudi Arabia is a key pillar of India’s energy security, being a source of 17 per cent or more of crude oil and 32 per cent of LPG requirements of India.

About Saudi Arabia:

  • Saudi Arabia, officially the Kingdom of Saudi Arabia, is a country in Western Asia constituting the bulk of the Arabian Peninsula.
  • Capital: Riyadh
  • Currency: Saudi riyal
  • King: Salman bin Abdulaziz Al Saud
Important Possible questions based on above News:
  1. Which country is planning to invest $100 billion in India in areas including infrastructure, agriculture and petrochemicals? Saudi Arabia
  2. What is the currency of Saudi Arabia? Riyal

 

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