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India and Saudi Arabia enjoy friendly relations reflecting the centuries-old economic and socio-cultural ties.

Close geographical proximity, cultural affinity, natural synergies and common challenges and opportunities have added momentum to this robust engagement. Saudi Arabia today is our 4th largest trade partner (after China, USA and Japan) and is a major source of energy as we import around 17% of our crude oil requirement from the Kingdom.

    • October 2023: Union Minister of Commerce and Industry, Shri Piyush Goyal attended the 7th Edition of Future Investment Initiative (FII) in Riyadh where he met several dignitaries from the host country of Kingdom of Saudi Arabia (KSA) including the Energy Minister His Royal Highness (HRH) Prince Abdul Aziz Bin Salman Al-Saud, Commerce Minister His Excellency (H.E.) Majid bin Abdullah AlKassabi, and Investment Minister H.E. Khalid A. Al Falih.   

      Shri Piyush Goyal addressed the 7th Edition of FII and also co-chaired a conclave session on the theme “From Risk to Opportunity: Strategies for Emerging Economies in the New Industrial Policy Era” along with the KSA Investment Minister. 

    • Samvardhana Motherson International (SAMIL) has signed a Memorandum of Understanding (MoU) with the Ministry of Investment, Kingdom of Saudi Arabia to identify investment development opportunities for industrial and service activities in the Kingdom of Saudi Arabia (KSA).

    • Strategic Partnership Council is a holistic institution covering various sectors of cooperation. The SPC has two pillars: i) Political-Security-Socio-Cultural (PSSC); and ii) Economy and Investment. Under the second pillar 4 JWG’s have been finalized covering the following heads: Industry and Infrastructure; Agriculture and food security; IT and Technology; and Energy.

    • During His Royal Highness the Crown Prince’s visit to India in Feb 2019, the two sides agreed on further deepening trade and investment cooperation between the two countries by aligning the Kingdom’s Vision 2030 and its 13 Vision Realization Programs with India’s flagship initiatives of "Make in India”, "Start Up India”, "Smart Cities”, "Clean India”, and "Digital India”.

       

    • On the invitation of His Majesty King Salman, Prime Minister Shri Narendra Modi paid an official visit to Riyadh from 28-29 October 2019 during which the Strategic Partnership Council Agreement was signed, identifying India as one of the Kingdom’s Strategic Partner Countries under ‘Vision 2030’ with a high-level partnership council at the leadership level.

       

    • The landmark visits of Prime Minister Shri. Narendra Modi to the Kingdom in 2016 and 2019 and the State visit of Crown Prince Mohammad bin Salman to India in February, 2019 has marked a new era in the bilateral relations, which culminated in the setting up of the Strategic Partnership Council (SPC), co-chaired by the two leaders. Besides that, the two sides signed 11 other MoUs in different fields between SA and India.

    • The visit of Prime Minister Narendra Modi to Riyadh in 2016 can be seen as a turning point in our growing engagements with the Kingdom of Saudi Arabia, which have taken an upward strategic direction.

    • The reciprocal visit by then Prime Minister Dr. Manmohan Singh to Saudi Arabia in 2010 raised the level of bilateral engagement to ‘Strategic Partnership’ and the ‘Riyadh Declaration’ signed during the visit enhanced cooperation in political, economic, security and defence realms.

    • The diplomatic relations between the two countries was established in 1947. The historic visit of King Abdullah to India in 2006 resulted in signing of ‘Delhi Declaration’ imparting a fresh momentum to the bilateral relationship.

    • Saudi Arabia is the 19th largest foreign investor in India with a cumulative Foreign Direct Investment (FDI) of $3.22 Bn from April 2000 to September 2023. 

    • The business and visit visa fees for the Indian nationals were decreased and fixed on reciprocal terms. Saudi Arabia is the 12th largest market in the world for Indian exports and is the destination to around 2% of India’s global exports.

       

    • Saudi Arabia is India's fourth largest trading partner. More than 18% of India's crude oil imports are sourced from Saudi Arabia. India's imports from Saudi Arabia reached $38.6 Bn and exports to Saudi Arabia were worth $9.7 Bn registering an increase of 49.5% over last year. Total trade with Saudi Arabia accounted for 4.14% of India's total trade in FY 2022-23.

    • Major commodities of export from India to Saudi Arabia include rice, meat, electrical machinery and equipment, vehicles, mineral oils, organic chemicals, ceramic tiles, apparels. Whereas, major commodities of import for India from Saudi Arabia are crude oil, LPG, fertilizers, chemicals, plastic and products thereof, aluminium and its articles, iron and steel, cooper and its articles, raw hides and skin (other than fur skins) and leather etc.

    • Saudi Arabia hosts a 2.4 Mn Indian community which has been living in harmony and contributing to the development and progress of Saudi Arabia. Indians in Saudi Arabia send back remittances to the tune of $11 bn or more annually.

    • The year 2021-22 commemorates with 75 years of establishment of diplomatic relations between India and Saudi Arabia. As part of this celebration, the Embassy is conducting a host of events from May 2021 till August 2023, which include cultural events, exhibitions, academic activities like quizzes, international film festivals, and sports activities like golf tournaments and cycle rallies.

    • India and Saudi Arabia signed MoU on cooperation in the area of tourism. Saudi Arabia has recently opened its door for tourism which will further strengthen these relations. India has extended e-Visa facility to Saudi nationals.

    • On 21 July 2018, the 4th International Day of Yoga was celebrated with fervour in the prestigious Al-Madi Park of the King Abdulaziz Historical Centre, Riyadh. This marked the first celebration of Yoga in public domain in the Kingdom. The event witnessed huge participation from Saudis, diplomatic corps, officials, journalists, businessmen and Indian diaspora. Two Saudi female Yoga trainers led the Yoga demonstrations on the occasion.

    • Janadriyah 2018: India successfully participated as ‘Guest of Honour’ in the 32nd edition of the prestigious Saudi National Festival of Heritage and Culture – Janadriyah from 7 – 28 February 2018. The “Guest of Honour’ privilege comes in the backdrop of the historic visit of Hon’ble PM to Riyadh in April 2016 and the historic bilateral relations.

Prominent Investments

Saudi Arabia in India

Saudi Aramco

Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) have formed a JV with Indian state-run oil companies — Indian Oil Corporation (IOC), Bharat ...Read more

SABIC

SABIC has invested over $ 100 mn in its technology and innovation centre in Bengaluru, one of the largest investments in India by a Saudi company. ...Read more

Alfanar Energy

Alfanar Energy entered India in 2016 and has commissioned a 50 MW wind project in Gujarat with turbines provided by Suzlon. It also won 300 MW share ...Read more

Public Investment Fund (PIF)

In June 2020, Saudi Arabia’s Sovereign Wealth funs, PIF, acquired 2.32% stake in Jio for INR 11,367 crore. The investment by PIF is at an equity ...Read more

Zamil Air Conditioners India Private Limited

Zamil Air Conditioners India Private Limited, (ZAC India), Subsidiary of Zamil Industrial Investment Company, Saudi Arabia (‘ZIIC’) began its full- ...Read more

India in Saudi Arabia

Wipro

Wipro Group has been present in the Saudi market for over 15 years. The company already has 1,200 IT professionals working in the country. The ...Read more

Tata Group

Manahil International Company, the new automotive arm of Mohamed Yousuf Naghi & Brothers Group (MYNG), is the sole authorised distributor of Tata ...Read more

Larsen & Toubro

L&T Electrical & Automation Saudi Arabia Company Ltd (LTEASA), formed in 2006, is a wholly-owned subsidiary of Larsen & Toubro. The ...Read more
  • Chemicals

    Chemicals

    • #3 

      Largest consumer of polymers

    • #4 

      Largest producer of Chemicals in Asia

    • #6 

      Largest producer of chemicals Globally

      • The nation exports Chemicals to more than 175 countries
      • Market size of the Chemical and Petrochemical sector is around $190 Bn and is likely to reach $300 Bn by 2025 and $1 Trillion by 2040
      • India is expected to account for more than 10% of the world's growth in petrochemicals
    Visit Sector 28Investible Projects
  • oil

    Oil & Gas

    • #1 

      Largest exporter of Petroleum products in Asia

    • #2 

      Largest refiner in Asia

    • #3 

      Largest consumer of crude oil and petroleum products

      • Target of achieving 20% ethanol blending in petrol by 2025
      • Presently, about 23,500 Km of long gas pipeline network is under operation in the country and around 12,000 Km of pipeline is approved/under construction
    Visit Sector 1Investible Projects
  • Renewable Energy

    Renewable Energy

    • #2 

       Highest installed wind capacity in Asia

    • #4 

      Solar Power Capacity Globally (as per REN21 Renewables 2022 Global Status Report)

    • #4 

       largest Renewable energy capacity Globally

      • A cumulative solar power capacity of 70,096 MW has been installed in the country
      • The 30-GW renewable energy park at Kutch, Gujarat is billed as the largest of its kind in the world
    Visit Sector 499Investible Projects
  • Food Processing

    Food Processing

    • #1

       Largest producer, consumer and exporter of spices

    • #1 

      Producer of Milk globally

    • #1

      Largest producer and consumer of Black Tea

      • India’s food processing sector is one of the largest in the world and its output is expected to reach $535 Bn by 2025-26
      • Pradhan Mantri Kisan SAMPADA Yojana, a government scheme, was formulated for creating a modern infrastructure with efficient supply chain management from farm gate to retail outlet
    Visit Sector 76Investible Projects
  • Pharma

    Pharmaceuticals

    • #1 

      Leader in global supply of DPT, BCG and Measles Vaccine

    • #14

      Largest market in terms of value

    • #3 

      Largest market in terms of volume

      • Market size of the Indian pharmaceutical industry is around $50 Bn
      • India accounts for 60% of global vaccine production making it the largest vaccine producer in the world
      • Expected to reach $65 Bn by 2024, and 130 Bn by 2030
    Visit Sector 7Investible Projects
  • Ports and Shipping

    Ports & Shipping

    • 6 Mn

      Jawaharlal Nehru Port Authority handles over 6 Mn TEUs, reflecting the highest container throughput

    • 12

      Major ports

    • 217

      Non-major and intermediate ports

      • India has a coastline of nearly 7,517 km
      • 95% of the country’s trade by volume and 65% of the trade by value is undertaken through maritime transport
      • India is the second largest fish-producing nation in the world with a fleet of about 2,50,000 fishing boats
    Visit Sector 161Investible Projects
  • Construction

    Construction

    • 100

      Smart cities 

    • #2 

      Largest road network world

    • #3 

      Largest construction market globally by 2025

      • 4,830 projects worth INR 93,381 Cr of Water Supply, Water Body Rejuvenation, Sewerage & Septage Management, Parks & Green Space Development are approved under AMRUT 2.0 mission
      • Real Estate Industry in India is expected to reach $1 Tn by 2030 and will contribute 13% to India's GDP by 2025
    Visit Sector 791Investible Projects

Investible Projects

Explore Opportunities

  •  
    Projects

    5954

  •  
    Opportunity

    $ 392.28 bn

  •  
    Promoters

    2566

  •  
    District

    701

  •  
    Private Projects

    100

  •  
    Govt. Projects

    5537

Recent Investments

Malco Energy

Malco Energy Ltd sets up new unit in Saudi Arabia for copper business

Vedanta's arm Malco Energy Ltd has set up a new unit in Saudi Arabia for copper business at an investment of SAR 1,00,000 (INR 22.19 Lakh).

 

Riyadh Air

Saudi Arabia Announces New Airline 'Riyadh Air', $35 Billion Aircraft Deal With Boeing On Cards

Crown Prince of Saudi Arabia, Mohammad bin Salman bin Abdulaziz announced the establishment of Riyadh Air, the new national carrier of Saudi Arabia. The airline will compete against United Arab Emirates two flagship air carriers, Emirates Airline and Etihad Airways, apart from Qatar Airlines of Qatar. As per Saudi Arabia, the airline will leverage the country's strategic geographic location between the three continents of Asia, Africa and Europe.

Saudi Arabia’s Ministry of Investment

Saudi Arabia signs $1bn deal with Indian firm to produce specialized agricultural chemicals

Saudi Arabia’s Ministry of Investment has signed an agreement worth $1 billion to manufacture specialized agriculture chemicals within the Kingdom. The ministry signed the agreement with an Indian company, UPL Limited, which markets and manufactures agrochemicals and offers crop protection solutions. 

Saudi Arabia

Saudi Arabia is the 21st largest investor in India with investments amounting to US $1.8 billion (as per DPIIT from April 2000 to Dec 2020).

Major investment groups from KSA include ARAMCO, SABIC, ZAMIL, E-holidays and Al Batterjee Group. Saudi Sovereign Wealth Fund-backed Soft Bank’s ‘Vision Fund’ has invested several billion dollars in Indian Start-ups such as Delhivery, FirstCry, Grofers, Ola, OYO, Paytm and PolicyBazaa

Saudi Arabia’s Public Investment Authority

The Saudi Arabian Investment Authority issued 41 project licenses to Indian investors in Saudi Arabia in the first quarter of 2020

The Saudi Arabian Investment Authority issued 41 project licenses to Indian investors in Saudi Arabia in the first quarter of 2020; while Saudi Arabia’s Public Investment Authority announced recently investment of$1.3 bn in Reliance Retail and $1.5 bn in Reliance Jio, amongst other investments.

PIF

Saudi Arabia's Public Investment Fund picks 2.04% stake in Reliance Retail Ventures Ltd

Saudi Arabia’s sovereign Public Investment Fund (PIF) is investing $1.3 bn to pick 2.04% equity stake in Reliance Retail Ventures Ltd (RRVL).

PIF

Reliance Industries Ltd sells 2.32% stake in its digital unit to Saudi Arabia's Public Investment Fund

Reliance Industries Ltd has sold a 2.32% stake in its digital unit to Saudi Arabia's Public Investment Fund for INR 11,367 crore. This is PIF's largest investment into the Indian economy to date and will generate significant long term commercial engagement between India and Saudi Arabia.

Maharashtra Government picks up site for $ 44 bn Aramco-ADNOC mega refinery

The state of Maharashtra has identified the site to set up a $ 44 bn mega oil refinery in partnership with Saudi Arabian and UAE-based oil companies - Saudi Aramco and ADNOC, respectively. This is based on the MoU signed by both the companies last year with a consortium of Indian national oil corporations. 

Saudi Arabian Mining Company signs 2 MoUs worth $ 2 bn with Indian Companies.

Saudi Arabian Mining Company (Ma'aden) signed two MoUs worth $ 2 bn with Indian companies - IPL Co. and KRIBHCO for transfer of 5 mn tonnes of phosphate fertilizers from Saudi Arabia to India.

Saudi Arabia Team

The Saudi Arabia Team at Invest India aims to facilitate and assist Saudi companies in their expansion plans into India. Working closely with various stakeholders including states and regulatory authorities, we bring to you a seamless experience in kick-starting your business in India.

Key Functions

  • Entire spectrum of investment promotion – research, outreach, promotion, facilitation and aftercare
  • Initiating, attracting, facilitating and handholding Saudi investments across sectors
  • Providing information on investment opportunities across sectors and in specific projects 
  • Extending holistic support to the small and medium enterprises from Saudi with India interest

About Us

Invest India

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Our Prestigious Awards

We are the most awarded IPA in the world

  • The World's Most Innovative Investment Promotion Agency Award 2021 awarded by OCO Global

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2020 for best practices in COVID response

  • Best Investment Project Award five years in a row - 2016 to 2020 at the Annual Investment Meeting (AIM) organized by the Ministry of Economy, UAE.

  • Great Place to Work Certification by GPTW Survey 2019

  • The UNCTAD Award 2018 for promoting investment in sustainable development

  • Great Place to Work Certification by GPTW Survey 2018

  • Investment Award 2016 from the Indian Ocean Rim Association (IORA)

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2016 for excellence in partnering for investment promotion