Crown Prince Mohammed bin Salman:
According to The Economic Times, high officials of both countries are discussing all aspects of this tour. Let us tell you that recently Saudi Arabia has joined the BICS countries. In June, Mohammad bin Salman spoke to the Prime Minister about the trade between India and Saudi Arabia."Narendra Modi" href ="https://www.abplive.com/topic/narendra-modi" data-type="interlinkingkeywords"Had a conversation with >Narendra Modi to review the partnership between the two countries.
In recent years, the relations between India and Saudi Arabia have been seen deepening. Defense cooperation between the two countries has also increased. Being one of the largest sources of crude oil and LPG, Saudi Arabia plays an important role in India’s energy security.
India-Saudi trade boom
42 billion between the two countries in the year 2021-22 dollar is traded. Indian investment in Saudi Arabia has increased to $2 billion in the last few years, While Saudi Arabia has invested $3 billion in India. Let us tell you that in 2016, PM Modi went on a tour of Saudi Arabia. After this, the relationship between the two countries started on a new level. After this, the Strategic Partnership Council (SPC) was established under the chairmanship of the leaders of both the countries.
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