Modi arrives in Saudi Arabia on two-day visit | 2016-04-03 | daily-sun.com

Modi arrives in Saudi Arabia on two-day visit

3 April, 2016 12:00 AM printer

Modi arrives in Saudi Arabia on two-day visit

RIYADH: Indian Prime Minister Narendra Modi arrived in Riyadh on Saturday on his maiden two-day visit to the oil-rich Saudi kingdom as both countries are set to firm up a raft of pacts to bolster their strategic partnership besides exploring ways to enhance security and counter-terror cooperation, reports Times of India.
Combating threat of terrorism and radicalization are expected to figure high on the agenda of the talks between Modi and the leadership of Saudi Arabia, a country known as spiritual home of Islam which recently has formed a major coallition of 34 Muslim nations to fight terror, particularly the ISIS.
India’s ties with Saudi Arabia, one of the world’s leading oil producers, have been on an upswing over the last two decades based on burgeoning energy ties and both countries may look to move beyond buyer-seller relationship in the sector and go for joint ventures and investment in refineries and oil fields.
In this context, Modi may seek deeper involvement of Indian companies in upstream and downstream oil and gas sector projects in the Gulf nation whose economy has been hit due to falling crude prices, cut in oil exports and slowing down of domestic consumption.


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