New Delhi | Jagran News Desk: Prime Minister Narendra Modi arrived in Saudi Arabia’s Riyadh in early hours of Tuesday, on a two-day visit to the kingdom. During his visit, he will attend Saudi Arabia’s high-profile annual financial conference and will also hold bilateral meet with Saudi King Salman bin Abdulaziz.
“Landed in the Kingdom of Saudi Arabia, marking the start of an important visit aimed at strengthening ties with a valued friend. Will be taking part in a wide range of programs during this visit,” the prime minister tweeted on his arrival to the kingdom.
Landed in the Kingdom of Saudi Arabia, marking the start of an important visit aimed at strengthening ties with a valued friend. Will be taking part in a wide range of programmes during this visit. pic.twitter.com/3MskcllePr
— Narendra Modi (@narendramodi) October 28, 2019
During his visit, he will address the Future Investment Initiative (FII) under the title of ‘What’s next for India?’. Apart from addressing the forum, PM Modi will also hold bilateral talks with Saudi King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman. The two leaders are expected to sign a number of agreements in several key sectors including oil and gas, renewable energy and civil aviation to bolster their ties.
The forum beginning from Tuesday for the next three days will host financiers, governments, and industry leaders who would discuss global trade and explore the trends, opportunities, and challenges shaping the global investment landscape over the coming decades.
On his arrival in the Gulf Kingdom, PM Modi while speaking to Arab News said, “India imports around 18% of its crude oil from Saudi Arabia, making it the 2nd largest source of crude oil for us. We are now moving towards a closer strategic partnership that will include Saudi investments in downstream oil & gas projects. We value Kingdom’s (Saudi Arabia) vital role as an important & reliable source of our energy requirements. We believe that stable oil prices are crucial for the growth of the global economy, particularly for developing countries”.
Speaking on the participation of Saudi Aramco he said, “Saudi Aramco is participating in a major refinery and petrochemical project on India’s west coast. We are also looking forward to the participation of Aramco in India’s Strategic Petroleum Reserves. Within G20, India & Saudi Arabia have been working together to reduce inequality & promote sustainable development. I’m happy to note that Saudi Arabia will be hosting G20 Summit next year & India will host it in 2022, our 75th anniversary of independence”.
He further said, “I believe that Asian powers like India & Saudi Arabia share similar security concerns in their neighborhood. In that respect, I’m happy that our cooperation, particularly in the field of counter-terrorism, security & strategic issues, is progressing very well”.
This trip is PM Modi’s second visit to Saudi Arab. During his first visit in 2016, King Salman conferred Saudi’s highest civilian award on him. The Crown Prince visited India in February 2019, giving a further fillip to the bilateral ties.
Posted By: Talib Khan