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S Arabia crown prince to visit India next week; trade, energy security top on agenda

Press Trust of India  |  New Delhi 

Defence, trade and are expected to be high on the agenda when Saudi Arabia's Crown and Defence Minister

holds talks with during his two-day visit to next week.

Accompanied by a high-level delegation comprising ministers, senior officials and leading Saudi businessmen, Salman will arrive on February 19 on his maiden trip to the country, the said in a statement here.

During the visit, the Crown will hold talks with on wide range of issues of mutual interest. He will also call on and Vice M Venkaiah Naidu.

The visit by Prince Salman, who is also the vice of of ministers, follows the highly successful trip of Modi to that country in April 2016, during which the two sides agreed to further elevate existing strategic partnership, the MEA said.

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, it said.

The bilateral trade was USD 27.48 billion during the last financial year 2017-18, making India's fourth largest trading partner.

contributes significantly to India's needs by supplying about 20 per cent of crude requirements of the country.

Recently, in partnership with of the UAE entered into a Joint Venture for USD 44-billion worth and Petro-Chemical project Ltd.

The Kingdom of also facilitates Hajj pilgrimage to over 1,75,000 Indians every year.

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

First Published: Tue, February 12 2019. 16:35 IST