Saudi Investment Minister Khalid Al Falih and Ambassador Suhel Ajaz Khan met to talk about enhancing bilateral cooperation and growing investment prospects between the two countries.

Suhel Ajaz Khan, the ambassador of India to Saudi Arabia, met with Khaild Al Falih, the minister of investment in Saudi Arabia. They engaged in extensive talks about the investment sector and discussed the prospects for expansion and integration in this field.

The Indian Embassy in Riyadh shared the information in a post on X on Sunday, stating that Ambassador Dr. Suhel Khan had a meeting with H. E. Eng. Khalid Al-Falih, Minister of Investment @MISA, today. Enhancing bilateral cooperation and investments between India and the Kingdom of Saudi Arabia was the main topic of the talks. Additionally, the ambassador expressed appreciation for the assistance given to several Indian businesses beginning operations in Saudi Arabia.

The ambassador of the Republic of India to the Kingdom, Dr. Suhel Ajaz Khan, was received today at the Saudi Ministry of Investment's headquarters by His Excellency @Khalid_AlFalih, the ministry posted on X. The meeting covered topics of mutual interest in the investment sector, avenues for strategic cooperation between the Kingdom and India, and prospects for expansion and integration in investment relations.

The Kingdom of Saudi Arabia and India have a close and cordial relationship that reflects their long-standing sociocultural and economic ties. A Committee on Political, Security, Social, and Cultural Cooperation and a Committee on Economy and Investments are two subcommittees of the Strategic Partnership Council (SPC) between the two nations.

India is Saudi Arabia's second-largest trading partner, while Saudi Arabia is India's fourth-largest trading partner, according to a brief from the MEA. Bilateral trade was worth $52.76 billion in FY23. India's imports from Saudi Arabia increased by 23.47% to US$42.03 billion during this time, while its exports to Saudi Arabia totaled US$10.72 billion, a 22.48% year-over-year increase. Forty-five percent of India's total trade in FY 2022–2023 was with Saudi Arabia.

Additionally, it stated that as of March 2022, Saudi direct investments in India total $3.15 billion. Al Batterjee Group, SABIC, ZAMIL, E-holidays, and ARAMCO are important Saudi investment groups. Moreover, PIF has made about US$4.6 billion in investments in numerous Indian startups via Soft Bank's "Vision Fund."