Saudi Arabia, the world’s biggest oil exporter, is planning to invest $100 billion in India in key sectors such as petrochemicals, infrastructure, and mining among others, considering the country’s growth potential, as per media report.
Saudi Arabia is looking at opportunities to invest $ 100 billion in the fuel, refining, petrochemical, basic infrastructure, agriculture, mineral, and mining sectors, he said in an interview.
Aramco’s proposed partnership with India’s Reliance Industries, Saudi Arabia’s largest oil company, brings to light the strategic nature of the energy relations between the two countries.
He said that Aramco’s investment in India’s oil supply, retail fuel sales, petrochemicals, and lubricant market is part of the company’s global strategy in these areas. The vision of Arabian Yuvraj Mohammed bin Salman will also be a significant area of trade and trade between the two countries in various fields. Saudi Arabia is trying to reduce its economic dependence on petroleum products under Vision 2030.