Saudi business delegation in Lucknow to strengthen ties

Last Updated: Fri, Mar 08, 2013 11:20 hrs

Lucknow, March 8 (IANS) A business delegation from Saudi Arabia arrived here Friday as part of an exclusive industry interaction tour organised by the Confederation of Indian Industry (CII) to strengthen bilateral business ties.

The delegation, which is on a business tour to India March 4-8, arrived in Lucknow after stopovers at Hyderabad and New Delhi.

Addressing the business fraternity from Uttar Pradesh, Dr. Abdulrahman Al Rabiah, chairman, Saudi-Indian business council and president of Al Rabiah and Partners, said: "Relations between the two countries date back to centuries. Half of Arabic food and accent is Indian, even the first light lit in Mecca was from India."

Rabiah also gave a presentation wherein he shared that "Saudi Arabia presents a US $624 billion investment opportunity up to 2020 and the advantages of investing there include international standards, availability of raw material, accessibility to international markets, competitive pricing, availability of finance and shipment of cargo through various ports".

Jayant Krishna, co-chairman, CII northern region special task force on skills and education, said that "the economic transformation of Saudi Arabia was admirable".

Alok Saxena, chairman, CII Uttar Pradesh state council, said: "Uttar Pradesh presents tremendous scope for partnership. The kingdom of Saudi Arabia will play an important role in the state's progress."

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