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Will consider setting up office in GIFT City, says Saudi Arabia
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Saudi Arabia on Monday said it will consider setting up an office of its sovereign wealth fund in GIFT City to facilitate investments.
Saudi investment minister Khalid A. Al Falih said within the next few weeks, he would send a strong delegation to GIFT City to explore the opportunity.
“I will match your offer and commit today that we will open an office in India for investment facilitation...we are talking about bidirectional (facilitation),” the minister said in response to the suggestion from Goyal.
GIFT City in Gujarat is a multi-purpose special economic zone for financial services. He said the delegation will explore either GIFT City or Mumbai or New Delhi for investment office.
About this in other media
India and Saudi Arabia agree to expand economic and security ties after the G20 summit abcnews.go.com /8 months ago
Saudi plans to set up sovereign wealth fund office in GIFT City livemint.com /8 months ago
India, Saudi Arabia can look at doubling bilateral trade to $100 billion: Piyush Goyal economictimes.indiatimes.com /8 months ago
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