Saudi Arabia, India ink 11 cooperation agreements

21/02/2019 Argaam

 

Saudi Arabia and India have signed 11 cooperation agreements in various sectors on the sidelines of Crown Prince Mohammed Bin Salman’s official visit to New Delhi, the Saudi Press Agency reported.

 

Two agreements were inked by the Saudi Arabian Government Investment Authority (SAGIA).  The first was with Softbank to introduce available investment opportunities in the Saudi market, while the second one came with India’s ION Exchange for water treatment and distribution.

 

Other nine deals were concluded for investments in minerals and explorations, entertainment, pharmaceuticals, as well as Information and communications technology (ICT).

 

In addition, four Indian firms were licensed by SAGIA to operate in the Kingdom’s service, industrial and trade sectors.

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