Saudi Arabia explores ways to strengthen economic partnership with India

By Shilpa Annie Joseph, Official Reporter
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Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan has discussed ways to strengthen the economic partnership and boost joint investment with India’s Minister of External Affairs Dr. S. Jaishankar.

During the meeting, they reviewed the historic and strong relations between the two friendly countries and peoples.

Furthermore, the ministers discussed aspects of further enhancing joint work and bilateral coordination in regional and international issues of common interest. Their talks figured on all aspects that would enhance international peace and security.

Prince Faisal bin Farhan and Dr. Jaishankar also co-chaired the ministerial meeting of the Political, Security, Social, and Cultural Committee (PSSC) of the Saudi-Indian Strategic Partnership Council.

The meeting focused on further consolidating the economic partnership between the two friendly countries in light of the Kingdom’s Vision 2030 and boosting of investment between the two countries.

According to the statement, “The meeting reviewed the outcome of the meetings of the subcommittees. The two sides discussed ways to enhance bilateral relations in the fields of politics, security, and cultural and social affairs.”

Later, Dr. Jaishankar tweeted that, “We discussed current global political and economic concerns, and agreed to work closely together in G20 and multilateral organizations.”

Furthermore, the Indian minister addressed diplomats at the Prince Saud Al-Faisal Institute of Diplomatic Studies. In his speech, Dr. Jaishankar underlined the importance of the India-Saudi Strategic Relationship at a time when the world is at crossroads.

“Our collaboration holds the promise of shared growth, prosperity, stability, security, and development,” the Indian minister added.

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