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Saudi financial forum visit pays off for India

Riyadh and New Delhi were productive during the Indian prime minister’s visit to Saudi Arabia last week.
Participants take a break during the Future Investment Initiative conference in Riyadh, Saudi Arabia, October 30, 2019. REUTERS/Hamad I Mohammed - RC1CBAA19E30

Prime Minister Narendra Modi left India on Oct. 28 for a two-day visit to Saudi Arabia. Apart from signing a dozen agreements on energy, civil aviation, security cooperation and defense, he also attended the Future Investment Initiative forum in Riyadh.

Holding the summit just a year after the murder of journalist Jamal Khashoggi at the Saudi Consulate in Istanbul, Saudi Arabia struggled to attract global executives to its signature investment conference. However, members of India’s business community, including Mukesh Ambani and Anand Mahindra, attended the event, along with some US administration representatives and global banking executives.

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