Oct 29, 2019
PM Modi reaches Riyadh in Saudi Arabia with aim to boost bilateral ties
Prime Minister Narendra Modi reached Riyadh in Saudi Arabia with an aim to boost bilateral ties between the two countries in key sectors, including energy and finance.
After landing in the Kingdom of Saudi Arabia, Mr Modi tweeted this important visit is aimed at strengthening ties with a valued friend. He is scheduled to meet Prince Abdulaziz bin Salman Al Saud, Energy Minister , Prince Faisal bin Farhan Al Saud, the new Foreign Affairs Minister of Saudi Arabia , Ahmad bin Sulaiman Alrajhi among others. Later in the day , Prime minister will hold bilateral discussions with King Salman bin Abdul Aziz Al Saud. In his departure statement, Prime Minister Narendra Modi had said that defence, security, trade, culture, education and people-to-people contacts are the important areas of bilateral cooperation with Saudi Arabia
Prime minister will also address the plenary session of the Future Investment Initiative (FII)Forum where he is likely to speak about the growing trade and investment opportunities for the global investors in India.
AIR correspondent covering PM’s visit reports, Mr Modi’s address at the FII, also called the Davos of the Desert, hopes to attract potential investors to India. At least 12 Agreements are likely to be signed during the visit covering areas like civil aviation, security-related matters, defence, infrastructure & non-renewable energy sector. An Agreement to establish a Strategic Partnership Council will also be signed during the visit. Prime Minister will also launch the RuPay Card during this visit. The Rupay card is expected to benefit not only the large Indian community but also Hajj and Umrah pilgrims. Saudi Arabia is the third country in the West Asia where RuPay will be launched.