Confederation of Indian Industry and the Council of Saudi Chambers of
Commerce and Industry signed here yesterday a memorandum of
understanding paving the way for multilateral cooperation in several
fields, including IT, technical and higher education and business
agreement was signed by Osama Kurdi, secretary general of the Council
of Saudi Chambers of Commerce and Industry, and Dr. Jamshed J. Irani,
head of a 15-member Indian delegation currently visiting the Kingdom.
a press conference here yesterday, Indian Ambassador Talmiz Ahmad said
the delegation had invited Prince Abdullah ibn Faisal Al-Turki,
governor of the General Investment Authority, and Kurdi to visit the
cyber cities of Bangalore and Hyderabad as well as Bombay, India’s
said the Saudi dignitaries had accepted the invitation, though no date
had been set for the visit.
said the MoU would help to raise the profile of Saudi-Indian trade
exchange which stood at $3 billion last year. From traditional
exports, both countries will diversify their cooperation in several
said the mission would lead to deeper interaction between the two
countries, especially in IT, energy and construction projects relating
to oil and gas. He said that at meetings with Saudi businessmen, the
CII mission was invited to pay specific attention for investment in
areas such as IT, mining, environment projects and tourism.
also announced that Saudi Ambassador in New Delhi Abdulrahman N.
Al-Ohali handed over to India’s Minister for External Affairs
Jaswant Singh documents relating to two Arabian horses gifted by Crown
Prince Abdullah, deputy premier and commander of the National Guard.
two horses, Sameera and Hazaa, had arrived New Delhi on a special
flight the previous evening. At the formal handing over ceremony, the
Saudi ambassador also presented Jaswant Singh with a traditional
saddle and a thobe, the Kingdom’s national dress.
Irani, who had led a CII delegation to the Kingdom in 1999, said he
had noticed a surge in interest among the Saudi businessmen, who
turned up in large numbers at the chamber meetings. He also visited
the facilities of the Middle East Fiber Optics Cables Factory for
exploring the possibility of cooperation in the field of