Skip to main content

UAE, Saudi Arabia look to strengthen trade with India

The two richest states in the Persian Gulf region find themselves locked in competition to maximize opportunities for stronger economic ties to Indian markets.
India UAE

DP World, a leading global company from UAE, has recently launched plans to develop logistics infrastructure in the territory of Jammu and Kashmir in India. Though an initial memorandum of understanding was signed between the government of Dubai and the government of Jammu and Kashmir in 2018, the deal has now been formalized according to an announcement in late October.

DP World chairman and CEO Sultan Bin Sulayem had projected India’s logistics sector to be worth $215 billion in 2020, with 34 logistics parks and 1,300 infrastructure projects underway. Handling a quarter of India’s total container trade volume, DP World had invested over $2 billion in ports and logistics infrastructure.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.