Over $100 bln investment opportunities in India: Prince Mohammed

Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday that he saw investment opportunities of more than $100 billion in India over the next two years.

“Today we expect the opportunities we are targeting in India in various fields to exceed $100 billion in the coming two years… we want to work with you, Mr Prime Minister, to ensure these investments are made and to ensure useful returns for both countries,” he said at a joint press conference with Indian Prime Minister Narendra Modi in New Delhi.

The two countries also signed agreements on investment in infrastructure, housing sector and tourism.

Read: Here's a look at deals signed between Saudi Arabia, India

Prince Mohammed said terrorism was a common concern with India and the Kingdom was ready to share intelligence to tackle it.

"On the issue of extremism and terrorism, which is a common concern, we want to tell India that we will cooperate in every way, including intelligence sharing.”

Meanwhile, Modi said he had agreed with Saudi Arabia to strengthen cooperation on counter-terrorism, naval and cybersecurity.