FINANCIAL NEWS

Saudi Arabia, India to enhance business ties

03 Apr 2016

(MENAFN) Saudi Arabia and India will enhance mutual relations with the arrival of Indian Prime Minister in Riyadh.

Accordingly, as India grows in the global powers system, it is likely to play gradual yet an increasing role in the Middle Eastern local security system.

Furthermore, Saudi Aramco is focusing on investments in the oil refining business, while the manpower relationship is essential for Saudi Arabia.

In addition, almost 2.96mn Indian expatriates in Saudi Arabia send more than USD 10bn in remittances every year.

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