Saudi businessmen invited to invest in Telangana

The newly-formed state of Telangana has sought investment in multiple sectors from Saudi businesses and announced a series of measures and incentives to facilitate and protect the Kingdom's investment.
Saudi businesspeople should invest in Telangana state because there is a wide range of opportunities in education, health and information technology, Mohammed Mahmood Ali, deputy chief minister of Telangana, has said.
"On behalf of my government, I assure Saudis of the full protection of their investments," Ali, who is in the Kingdom to perform Haj, was quoted as saying by the Arab news.
"The erstwhile rulers of Telangana had the best of ties with Saudi Arabia. Our government wants to revive those ties in an effort to regain the golden glory of the past," he said in a reference to the Nizams who ruled the state for nearly 400 years.

He said the state government was in the process of creating special economic zones to attract foreign direct investment, especially from Saudi Arabia.
"India is a rising power and the whole world is looking at us with awe. Now is the time for Saudis to come in, and invest in many sectors," he said, adding that Saudis can invest in infrastructure development, education, health and information technology.
"They can come and build hospitals and colleges, and set up IT and service centers for their industries," he said.
"We are a new state with good infrastructure. We are rich in minerals. Our white polished granite or white marble is famous all over the world. Hyderabad is an IT hub, it has an international airport, and we are in the process of setting up two more international airports in different districts," he said.