Saudi-India Business Relations

India and Saudi Arabia enjoy cordial and friendly relations reflecting the centuries old economic and socio-cultural ties.
The establishment of diplomatic relations in 1947 was followed by high-level visits from both sides. The King Saud visited India in 1955 and the Prime Minister Jawaharlal Nehru visited the Kingdom in 1956. The visit of the Prime Minister Indira Gandhi to Saudi Arabia in 1982 further boosted the bilateral relations.
In the recent times, the historic visit of King Abdullah to India in 2006 resulted in signing of ‘Delhi Declaration’ imparting a fresh momentum in the bilateral relationship. The visit provided the framework for cooperation in all fields of mutual interest.
The reciprocal visit by Prime Minister Dr. Manmohan Singh to Saudi Arabia in 2010 raised the level of bilateral engagement to ‘Strategic Partnership’ and the ‘Riyadh Declaration’ signed by the leadership of the two countries captured the spirit of enhanced cooperation in the realms of political, economy, security and defence.
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