India eyes investment opportunity in $500 billion infra projects in Saudi Arabia


India eyes investment opportunity in $500 billion infra projects in Saudi Arabia

India is eyeing investment opportunities in Saudi Arabia’s $500 billion futuristic infrastructure projects, the government said on Monday.

“The infrastructure projects are part of the Kingdom’s initiative to expand their economy through major structural changes by developing mega projects like NEOM, new roads and railroads, airports and sea ports, development of Qiddiya entertainment city and Red Sea Tourism Project,” commerce and industry ministry said in a statement.

India plans to explore possible contracts and investment opportunities in the upcoming two day visit of a delegation of representatives of top infrastructure, housing and allied sectors and entertainment industry to Riyadh.

Led by Ministry of External Affairs and Trade Promotion Council of India, the visit is scheduled for November 27-28. Read More

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