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Saudi Crown Prince to visit India next week

ANI  |  Asia 

Mohammed bin Salman, Saudi Arabia's Crown Prince, will embark on a maiden two-day visit to beginning from February 19 at the invitation of

The Saudi will be accompanied by a high-level delegation, including ministers, senior officials and leading Saudi

During the forthcoming visit, the Saudi will hold bilateral talks with on a wide range of issues of mutual interest. He will also call on and Vice M Venkaiah Naidu, said a statement from (MEA).

"The visit follows the highly successful visit of Modi to in April 2016, during which the two agreed to further elevate existing strategic partnership," it added.

and have historically enjoyed close and friendly relations anchored in mutually beneficial partnership and extensive people to people contacts. In recent years, there has been significant progress in bilateral cooperation in key areas of mutual interest, including energy security, trade and investment, infrastructure, defence and security.

"Our bilateral trade was USD 27.48 billion during the last financial year 2017-18, making our fourth largest trading partner (bilateral trade during April - November 2018 reached USD 23.24 billion). Saudi Arabia contributes significantly to India's needs by supplying about 20 per cent of crude requirements to India," the statement said.

Recently, in partnership with of UAE has entered into a joint venture for USD 44 billion worth and Petro-Chemical project Ltd.

About 2.7 million strong and vibrant Indian community forms the largest expatriate group in Saudi Arabia.

"Their positive and highly-appreciated contribution to the development of their host country has been an important anchor of our excellent bilateral engagement. The Kingdom of Saudi Arabia also facilitates Hajj pilgrimage to over 1,75,000 Indians every year," the statement further said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 01:20 IST