Wednesday 20 February 2019

Saudi crown prince expects more than $100 billion investments in India

India rolled out the red carpet for the crown prince as it seeks diplomatic support against Pakistan following a militant attack in the disputed region of Kashmir.
Prime Minister Modi and the Saudi Crown Prince
Economy News: Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday he expected investment opportunities worth more than $100 billion in India over the next two years as he began his first official visit amid tensions between arch foes India and Pakistan. India rolled out the red carpet for the crown prince as it seeks diplomatic support against Pakistan following a militant attack in the disputed region of Kashmir.
The crown prince, whose country is facing frosty ties with Western countries after the killing of Saudi journalist Jamal Khashoggi, was also given a lavish welcome this week in Pakistan where the two sides signed memoranda of understanding valued at about $20 billion to help prop up Pakistan’s economy. In a joint press appearance after talks with Indian Prime Minister Narendra Modi, the Saudi crown prince said terrorism was a common concern and Saudi Arabia was ready to share intelligence with India to tackle it.
The two countries will start a security dialogue at the level of national security advisors and set up a$20 billion to help prop up Pakistan’s economy. In a joint press appearance after talks with Indian Prime Minister Narendra Modi, the crown prince said terrorism was a common concern and Saudi Arabia was ready to share intelligence with India to tackle it…

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