Prime Minister Narendra Modi is likely to visit Saudi Arabia on a day-long visit on October 29 to participate in an annual investment forum to be held there, official sources said on Tuesday.
Modi's visit comes months after Saudi crown prince Mohammed bin Salman paid a visit to India in February.
Modi will attend the third edition of the Future Investment Initiative (FII), an annual investment forum being held on October 29-31.
Saudi Arabia had said last month that it is looking at investing USD 100 billion in India in areas of petrochemicals, infrastructure and mining among others, considering the country's growth potential.
Saudi Ambassador Dr Saud bin Mohammed Al Sati had said India is an an attractive investment destination for his country, the world's biggest oil exporter, and it is eyeing long-term partnerships with New Delhi in key sectors such oil, gas and mining.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app