SAGIA signs four investment pacts, 11 MoUs with Indian companies

Date posted: Thursday 21 February 2019

The Saudi Arabian General Investment Authority (SAGIA) on Wednesday signed four investment agreements worth more than $28 million and 11 memorandum of understanding (MoUs) during the visit of Crown Prince Mohammed Bin Salman. This is besides five governmentto-government pacts signed by the two sides across infrastructure, energy and tourism sectors. Saudi Arabia also decided to join International Solar Alliance. The SAGIA announcements cover a range of partnerships across strategic growth sectors, including energy and water, technology, arts and entertainment, healthcare, trade and investment. This reflects the strength and diversification of the Saudi economy, as well as the opportunities being unlocked for private sector businesses by widespread economic and social reforms as part of Vision 2030.

(Economic Times)

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