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 and is a major source of energy as we import around 17% of our crude oil requirement from the Kingdom.

    • The diplomatic relations between India and Saudi Arabia were established in 1947. The historic visit of King Abdullah to India in 2006 resulted in the signing of ‘Delhi Declaration’ imparting a fresh momentum to the bilateral relationship. The reciprocal visit by the Indian PM to Saudi Arabia in 2010 raised the level of engagement to Strategic Partnership. The 'Riyadh Declaration' was signed during the visit to enhance cooperation in political, economic, security and defence realms.

    • The visit of PM Modi to Riyadh in April 2016 can be seen as the turning point in our growing engagements, which has taken an upward strategic direction. During His Royal Highness the Crown Prince’s visit to India in February 2019, the two sides agreed on further deepening trade and investment cooperation by aligning the Kingdom’s Vision 2030 and 13 Vision Realization Programs with India’s flagship initiatives of 'Make in India', 'Startup India', 'Smart Cities', 'Clean India', and 'Digital India'.

    • Saudi Arabia is India’s 4th largest trade partner and a major source of its crude oil imports (17%). During 2018-19, India's imports from Saudi Arabia reached $ 22.1 bn with key imports including mineral fuels and oil. On the other hand, India's exports to Saudi Arabia reached $ 5.4 bn during the same period, with key exports including cereals and organic chemicals.

    • For India, Saudi Arabia is the 15th largest market for its exports with a share of over 1.8% in the country's total exports during 2017-18. For Saudi Arabia, India is the 4th largest market for its exports with a share of over 8.8% in its total exports in 2017.

    • For India, Saudi Arabia is the 3rd largest source of imports with over 4.7% share in the country's total imports during 2017-18. For Saudi Arabia, India is the 7th largest source of imports with over 4.1% share in the country's total imports.

    • 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 inaugural celebrations of Yoga in the public domain in the Kingdom. The event witnessed huge participation from Saudis, diplomatic corps, officials, journalists, businessmen and Indian diaspora.

    • Haj Pilgrimage is an important component of bilateral relations. The Haj quota was increased by 5,000 in 2018, enabling 175,025 Indians to undertake the sacred pilgrimage. A large number of Indians also visit the Kingdom to perform Umrah every year.

    • India successfully participated as ‘Guest of Honour’ in the 32nd edition of the prestigious Saudi National Festival of Heritage and Culture – Al Jenadriyah in February 2018. The privilege of 'Guest of Honour’ comes in the backdrop of the historic visit of the Indian PM to Riyadh in April 2016 and the ever-strong 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

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

Investible Projects

Explore Opportunities

  •  
    Projects

    4865

  •  
    Opportunity

    $209.15 bn

  •  
    Promoters

    872

  •  
    District

    682

  •  
    Private Projects

    205

  •  
    Govt. Projects

    4660

Recent Investments

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

Team Advantages

  • Expediting license approval

  • Provide policy advocacy

  • Location assessment

  • Business advisory

  • Issue redressal

  • Chemicals

    • 3rd

      Largest consumer of polymers

    • 4th

      Largest producer of agrochemicals

    • 6th

      Largest producer of chemicals

      • India produces 16% of the world's dyestuff and dye intermediates
      • The market size of the chemicals industry stood at $ 163 bn in 2017-18
      • India’s proximity to the Middle East, the world’s source of petrochemicals feedstock, adds to the economies of scale
      • India's chemicals industry is expected to reach $ 304 bn by 2025
    Visit Sector 30Investible Projects
  • Oil & Gas

    • 2nd

      Largest refiner in Asia

    • 3rd

      Largest consumer of crude oil and petroleum products

    • 4th

      Largest importer of liquefied natural gas (LNG)

      • India is the largest exporter of petroleum products in Asia
      • Its the 3rd largest consumer of energy and oil in the world after China and the US
      • 16,788 km of operational natural gas pipelines and 14,239 km gas pipelines are under development
    Visit Sector 3Investible Projects
  • Renewable Energy

    • 4th

      Largest installed wind capacity

    • 5th

      Largest installed solar capacity 

    • 5th

      Largest installed renewable energy capacity 

      • India has the largest renewable energy expansion plan globally 
      • It's home to the world's largest solar plant (648 MW) and solar park (2 GW)
      • India is also ranked the 2nd most attractive renewable energy market in 2017
      • Goals for 2022: 

                - 100 GW of solar power
                - 60 GW
      from wind power
                - 10 GW
      from biomass power
                - 5 GW
      from small hydropower

    Visit Sector 9Investible Projects
  • Food Processing

    • #1

      Largest producer, consumer and exporter of spices

    • #1

      Largest processor, producer and consumer of cashew nuts

    • 2nd

      Largest producer of food grains, fruits and vegetables

      • Indian food and retail market is projected to touch $ 828.9 bn by 2020
      • Indian dairy industry is expected to double to $ 140 bn by 2020
      • Annual household consumption is expected to treble by 2030, making India the 5th largest consumer globally
      • India is the world's largest milk producing nation
      • There are 17 functional and 42 sanctioned Mega Food Parks
    Visit Sector 47Investible Projects
  • Pharmaceuticals

    • 3rd

      Largest pharmaceuticals industry by volume

    • #1

      Largest producer of vaccines 

    • 20%

      Share in global pharmaceutical supplies by volume

      • India is currently the 4th largest medical device market in Asia
      • Bio-Pharma is the largest sub-sector contributing to 62% of the total sectoral revenue
      • India is expected to become the 3rd largest pharmaceuticals market by 2020 in terms of incremental growth
    Visit Sector 17Investible Projects
  • Ports & Shipping

    • 16th

      Largest maritime nation

    • 12

      Major ports

    • 200

      Non-major and intermediate ports

      • India has a coastline of nearly 7,517 km
      • Maritime transport in India handles 95% of the trade by volume
      • Seaborne trade in India has grown at twice the global growth rate of 3.3%
    Visit Sector 84Investible Projects
  • Construction

    • 100

      Smart cities by 2020

    • 2nd

      Largest FDI recipient sector for India in 2017

    • 3rd

      Largest construction market globally by 2025

      • India's construction sector is expected to record a CAGR of 15.7% to reach $ 738.5 bn by 2022
      • The industry contributes 55% share in the steel industry, 15% in the paint industry and 30% in the glass industry
      • The construction sector is the 2nd largest employer in India in 2017
    Visit Sector 1013Investible Projects

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  • 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
  • Best Investment Project Award three years in a row - 2016, 2017 and 2018 at the Annual Investment Meeting (AIM) organized by the Minist…
  • 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…