India, Saudi Arabia discuss ways to boost bilateral investments between two countries in different sectors
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Commerce and Industry Minister Piyush Goyal has met Saudi Arabia's Minister of Investment Khalid A Al-Falih, and discussed ways to boost bilateral investments between the two countries in different sectors. Goyal, who is on a two-day visit to Riyadh, also participated in the seventh edition of the Future Investment Initiative (FII) in Riyadh.
Goyal discussed expanding investment across diverse sectors to foster economic growth & further enhance the strategic partnership between India & Saudi Arabia. He also deliberated on new pathways for investment with the goal of creating a positive global impact and navigating new frontiers of growth and prosperity.
Meanwhile, the bilateral trade between the countries stood at $52.75 billion in 2022-23 against $42.86 billion in 2021-22. India received $3.22 billion in foreign direct investment from Saudi Arabia between April 2000 and June 2023.
