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Key highlights of Saudi Crown Prince Mohammad Bin Salman India visit


The Crown Prince of Saudi Arabia, Mohammed bin Salman bin Abdulaziz Al Saud, who is also the Deputy Prime Minister and Minister of Defence of Saudi Arabia, visited India on February 19-20, 2019.

This first ever visit by his Royal Highness followed the official visit of Prime Minister Narendra Modi to the Kingdom of Saudi Arabia in April 2016 at the invitation of King Salman bin Abdul Aziz Al Saud; the Custodian of the Two Holy Mosques (Head of State & Government).

Prime Minister Modi and Crown Prince Mohammed bin Salman (MBS) held delegation level talks at Hyderabad House on February 20, 2019 and released the India-Saudi Arabia Joint Statement.

Both the sides also signed five agreements and Memorandum of Understanding (MoUs) including deals on an investment fund and tourism.

List of MoUs/Agreements signed

S. No.

Agreement / MoUs

Signatory (Indian side)

Signatory (Saudi Arabia side)

1.

MoU on investing in the National Investment and Infrastructure Fund

Sushma Swaraj,
Minister of External Affairs

Khalid Al Falih,
Minister of Energy, Industry and Mineral Resources

2.

MoU on Cooperation in the field of Tourism between the Union Ministry of Tourism, and the Saudi Commission for tourism and national heritage of the kingdom of Saudi Arabia

T S Tirumurti,
Secretary (ER)

Adel Al-Jubeir,
MOS for Foreign Affairs

3.

MoU for Cooperation in the field of housing

Ahmad Javed,
Ambassador of India to Saudi Arabia

Dr. Majid bin Abdullah Al Qasabi,
Minister of Commerce

4.

Framework Cooperation Program between Invest India and Saudi Arabian General Investment Authority (SAGIA) on enhancing bilateral investment relations

Ahmad Javed,
Ambassador of India to Saudi Arabia

Dr. Majid bin Abdullah Al-Qasabi,
Minister of Commerce

5.

MoU for Cooperation on Broadcasting between Prasar Bharati and Saudi Broadcasting Corporation (SBC) for exchange of audio visual programme

Ahmad Javed,
Ambassador of India to Saudi Arabia

Dr. Turki Abdullah Al-Shabanah,
Minister of Media

6.

Another agreement was signed by Saudi Arabia to join the International Solar Alliance (ISA), launched by Prime Minister Modi.

India-Saudi Arabia Joint Statement

Condemnation of Pulwama terrorist attack and cooperation against terrorism: The Prime Minister and His Royal Highness condemned in the recent Pulwama terror attack on Indian security forces on February 14, 2019.

Both sides called on all states to reject the use of terrorism against other countries. They stressed for early adoption of the ‘UN Comprehensive Convention on International Terrorism’ and underlined the importance of comprehensive sanctioning of terrorists and their organisations by the United Nations.

Comprehensive Security Dialogue: To enhance cooperation in the Counter-terrorism, the two sides agreed to constitute a ‘Comprehensive Security Dialogue’ at the level of National Security Advisors and set up a Joint Working Group on Counter-Terrorism.

Increase in the Hajj quota:
Saudi Arabia enhanced the quota for Hajj pilgrims from India to 200000 to reflect the latest census.

Release of 850 Indian prisoners: Prime Minister expressed his thanks to the Saudi Crown Prince for ordering the release of 850 Indian prisoners from Saudi jails.

Strategic partnership under Riyadh Declaration: The two sides re-affirmed deep commitment to strengthen the strategic partnership envisaged in the ‘Riyadh Declaration’ of February 2010.

Strategic Partnership Council: The two sides agreed to reinforce the existing partnership with high level monitoring mechanism by the creation of the Strategic Partnership Council led by Prime Minister Modi and His Royal Highness the Crown Prince, and supported by ministerial representation.

Workshop between NITI Aayog and SCISP: Both the sides welcomed the outcomes of the Workshop between NITI Aayog and Saudi Centre for International Strategic Partnership (SCISP) organised recently in Riyadh. The Workshop identified over 40 opportunities of joint collaboration and investments.

Deepening trade and investment cooperation: They agreed to deepen trade and investment cooperation by aligning the Saudi Arabia’s Vision 2030 and 13 Vision Realisation Programs with India’s flagship initiatives “Make in India”, “Start Up India”, “Smart Cities”, “Clean India”, and “Digital India”.

Saudi Arabia to invest USD 100 billion in India: Saudi Crown Prince announced to invest over USD 100 billion in India in areas of energy, refining, petrochemicals, infrastructure, agriculture, minerals and mining, manufacturing, education and health.

First joint venture West Coast Refinery and Petrochemical Project: Both sides agreed to expedite the implementation of the first Joint Venture West Coast Refinery and Petrochemical Project estimated to cost USD 44 billion. In addition, investments of USD 10 billion through the Public Investment Fund and other investments opportunities worth USD 26 billion are expected.

Saudi Arabia’s investment in NIIF: The Prime Minister welcomed the investment from Saudi Arabia in the National Investment and Infrastructure Fund (NIIF) and other key sectors in India.

Energy security: The two sides expressed to grow bilateral trade in the energy sector, acknowledging Saudi Arabia as the world’s most reliable supplier of oil & gas and the key supplier to India. They stressed on continuation of the India-Saudi Arabia Energy consultations.

Joint Working Group on Skill Development: The two sides agreed to set up a Joint Working Group on Skill Development to identify areas of cooperation in important fields such as manufacturing, information technology, communications, and programming.

Co-operation in the defence sector: They welcomed the recent developments in India-Saudi co-operation in the defence sector, especially after signing of MoU on Defence Cooperation during the visit of His Majesty King Salman bin Abdulaziz Al Saud to India in February 2014.

Security situation in West Asia and Middle East:
Both sides emphasised Security Council Resolution (2254) with regard to the solution in Syria, and Security Council Resolution (2216), the GCC initiative, and the outcomes of the Yemeni National Dialogue with regard to the solution in Yemen.

Cooperation in payment systems: Both sides agreed to explore opportunities for cooperation in the area of payment systems including RuPAY for the benefit of Indian community in general and particularly the Hajj or Umrah pilgrims. The Prime Minister thanked the Crown Prince for sorting the issue of “Iqamah” for the Indian Labour who were stranded in Saudi Arabia.

Asia tour of Saudi Crown Prince Mohammad Bin Salman

The Saudi Crown Prince Mohammad Bin Salman’s visit to India is a part of an Asia tour that includes stopovers in Pakistan and China. Prior visiting India, His Royal Highness visited Pakistan where Saudi Arabia signed investment agreements worth USD 20 billion with Pakistan.

The visit came amid rising Indo-Pakistan tensions following the devastating terror attack in Pulwama, Jammu & Kashmir that killed over 44 Indian paramilitary police officers.

The Asia tour includes Saudi Crown Prince visit to China, which is his last stop. He is expected to announce deepening cooperation on Beijing’s ‘Belt and Road initiative’, a revival of the ancient Silk Road.



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