The Federation of Saudi Chambers Reviews Trade and Investment Partnership Opportunities with India

  • Riyadh, KSA
  • 30 October 2023
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The Federation of Saudi Chambers organized at its headquarters in Riyadh the activities of the Saudi-Indian roundtable meeting with the participation of the Minister of Commerce and Industry of the Republic of India Piyush Goyal, the President of the Federation Hassan bin Mujeb Al-Huwaizi, the Secretary-General in charge Walid Al-Arinan and the Ambassador of India to the Kingdom Suhail Ijaz Khan.

"For more than 75 years, India has been at the forefront of the Kingdom's main economic partners, while the Kingdom is India's fourth trading partner and the second largest supplier of energy, with a trade volume of 196 billion riyals in 2022, achieving a growth of 51 percent," said Hassan Al-Huwaizi, President of the Federation of Saudi Chambers."

The forum witnessed the signing of a memorandum of understanding between the Federation of Saudi Chambers and the Federation of Indian Industries with the aim of strengthening economic relations, coordination, and cooperation between the two federations in developing trade and investment cooperation relations between business owners and companies in the Kingdom and India.

Source (Federation of Saudi Chambers Website, Edited)