Saudi, India to strengthen business relations

23 May 2014

(MENAFN) Saudi businessmen plan to invest in India”s lucrative projects to accelerate distinctive growth and woo funds from Saudi Arabia and other Gulf countries, according to Arab News.

Hamad S. Al-Battal, director of a business consultancy firm and chairman of Seagulls Group, said: “Many Saudis are interested to invest in India being one of the fast growing Asian economies with a large population and it’s the duty of Indian missions in the Kingdom to mobilize such investments.”

Al-Battal emphasized the historic relations between India and Gulf countries.

Al-Battal added: “The introduction of Islamic finance in India will boost trade and economic ties between the two sides.”

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