Saudi Arabia, India sign 47 MoUs to bolster investment landscape

Saudi Deputy Minister for Investors Outreach, Badr Al Badr speaks at the India-Saudi Investment Forum in New Delhi, India on September 11, 2023. (AN Photo by Sanjay Kumar)
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Updated 11 September 2023
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Saudi Arabia, India sign 47 MoUs to bolster investment landscape

  • Modi and Saudi Crown Prince Mohammed bin Salman reviewed trade ties in a meeting on Monday
  • Global leaders announced multinational rail and ports deal linking Middle East and South Asia on Saturday

RIYADH: Saudi Arabia and India have signed a bilateral agreement to bolster the investment climate in both countries, said a senior minister at an ongoing investment meet in New Delhi.

Speaking at the India-Saudi Investment Forum in New Delhi, Badr Al-Badr, the deputy minister of investor outreach at the Saudi Ministry of Investment, said: “The Ministry of Investment of Saudi Arabia and Invest India have signed a bilateral agreement to strengthen mutual investment endeavors and have given the comfort zone to investors and traders to do more business.”

The deputy minister further revealed that both nations signed 47 memorandums of understanding, including agreements between private and public sector undertakings.

“Saudi Arabia and India are the right fit for each other. Your demand is our supply, and our demand is your supply as well,” said Al-Badr.

Al-Badr further urged Indian investors and businessmen to invest in the Kingdom.

“You know Saudi Arabia as a long-term global superpower in traditional energy. But you now know that we developed into something much more than that. Our dynamic transformations have been created under the framework of Vision 2030,” said the deputy minister.

He added: “Our Saudi companies are excellent potential partners for you because of their capabilities, capacities, scale, knowledge, financial strength and experience. You will discover that they are great business partners and solution providers.”

Improving trade ties

The deputy minister further said that trade ties between Saudi Arabia and India are growing at a robust rate, with the worth of Indian exports to Saudi Arabia hitting $10.7 billion in 2022, up 85 percent from $5.6 billion in 2018.

Saudi exports to India between 2018 and 2022 have grown by 114 percent. The deputy minister continued it reached $42 billion in 2022 compared to $26 billion in 2018.

“This export growth was achieved during a period of pandemic, energy shocks, geopolitical upheavals, food security challenges, high inflation, environmental challenges and supply chain issues. Despite the challenges, the economy of Saudi Arabia has grown and diversified over the six and half years,” added Al-Badr.

The Indian delegation echoed the sentiment, stating that it felt the time was right to develop the bilateral relationship into an alliance of strength and economic power.

“The time is right, and the time is now. Forever, we knew the strength and power of Saudi Arabia, and you knew what India stood for. So far, we were thinking with our minds, and now, we are thinking with our minds and hearts,” said Invest India CEO Nivruti Rai at the event.

In January, the Saudi Investment Ministry pumped in $1 billion in India’s UPL Ltd. that produces and markets agrochemicals and offers crop protection solutions. The agreement was signed on the sidelines of the World Economic Forum in Davos, Switzerland.

According to industry reports, this large investment is expected to bring specialized agricultural chemicals production within the Kingdom.

The ISIF in New Delhi is seeking to explore investment opportunities across information and communications technology, entrepreneurship, chemicals, energy and advanced manufacturing sectors.

“Several Saudi Arabian companies have already invested in the Indian solar energy sector, and we look forward to collaborating with you in new areas like hydrogen energy,” said Rajesh Kumar Singh, secretary of the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, India.

Better business prospects

The investment prospects are also getting brighter thanks to ambitious economic policies essayed by both governments. For instance, Saudi Arabia has taken radical steps to improve the business environment through its Vision 2030 blueprint.

These initiatives, combined with governance and labor market reform, have made it easier to do business, increased the number of industrial facilities, and raised female participation in the labor force.

“Vision 2030 is hinged on three main pillars; a vibrant society, a thriving economy and an ambitious nation,” said Asaad Al-Jomoai, managing director of the global supply chain resilience initiative at the Saudi Investment Ministry, while addressing the forum.

The event is taking place on the sidelines of the official state visit to India by Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman.

The crown prince also led the Saudi delegation for the G20 leaders’ summit this weekend to seek solutions to the world’s shared challenges.

The India-Saudi Investment Forum follows several events hosted by investment counterparts from countries such as Italy, Japan, Brazil and France.

The forum is part of initiatives designed to attract foreign direct investment to Saudi Arabia in line with its Vision 2030 and the National Investment Strategy, which seeks to unlock $3 trillion in investment opportunities.


King Salman, crown prince joined by Lebanese PM, other royals in Eid prayers

Updated 30 March 2025
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King Salman, crown prince joined by Lebanese PM, other royals in Eid prayers

RIYADH: Saudi Arabia’s King Salman performed Eid Al-Fitr prayers at Al-Salam Palace in Jeddah on Sunday morning.

The King was accompanied by various other royals and dignitaries.

Elsewhere Crown Prince Mohammed bin Salman performed Eid Al-Fitr prayers in Makkah alongside worshippers who filled the Grand Mosque and its surrounding courtyards.

Joining the crown prince was Lebanese Prime Minister Nawaf Salam, along with other princes, scholars, ministers, and senior officials.

After prayers, the crown prince met with those who had joined him for a breakfast banquet.


Theater celebrates joy and togetherness during Eid in Saudi Arabia

Updated 30 March 2025
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Theater celebrates joy and togetherness during Eid in Saudi Arabia

  • Growth of theatrical arts represents progress in Kingdom’s cultural transformation
  • The stage offers a platform for performers to display Saudi heritage, values and stories

RIYADH: As Saudi Arabia welcomes the Eid Al-Fitr holiday, the Kingdom is filled with excitement.

Beyond the traditional sweets, family visits, and cultural customs, one timeless form of storytelling is stealing the spotlight — the theater.

During Eid, theater in Saudi Arabia becomes a space for joy, connection and cultural expression. Throughout the Kingdom, families flock to stage productions that turn shared laughter into a celebration of identity.

“I’m reminded of the famous saying: ‘Give me bread and a stage, and I will give you a civilized nation,’” said Raghad Abdulrahman, a Saudi playwright, poet and member of Kaif Theater.

For Abdulrahman, theater offers a platform to put Saudi heritage, values and stories on show — something she believes is both urgent and long overdue.

“We have a rich cultural history that deserves to be translated and brought to life on stage,” she said. “As Peter Brook once said, theater is a medium of communication between people and cultures. And our culture has so much to say.”

Theater in the Gulf has long had a strong link to Eid. For decades, Eid celebrations included stage performances — comedies, dramas and musicals that reflect the mood of the season. While theater is part of the broader cultural fabric year round, its presence becomes especially vibrant during Eid.

“This connection runs deep in our Gulf heritage,” Abdulrahman said. “It’s how we’ve always translated joy on to the stage.”

This year, two major performances are scheduled in Riyadh: “Al-Shanta” by Nasser Al-Qasabi and “Maskoon Layla” by Hassan Al-Balam, both taking place on the third day of Eid. Kaif Theater has enjoyed significant success with its own Eid productions, such as “Haya Khallik” and “Majlis Al-Shoqaq,” which drew enthusiastic crowds.

“To me, theater feels like the family member who’s always traveling but returns for Eid — carrying gifts and joy,” Abdulrahman said. “It throws its doors wide open, welcoming guests with open arms and sharing wonder and happiness.”

She described the experience vividly: the presence of a live audience, spontaneous laughter, thunderous applause, and the joy of seeing art unfold right before your eyes — without the filter of a screen.

“You feel the laughter around you. You see the joy of Eid in the children’s sweets and new clothes, the smiles and elegance of the adults,” she said. “The stage becomes a living celebration.”

Unlike commercial productions driven by big budgets and special effects, Kaif Theater puts its trust in raw human energy. “A single performer, if sincere and committed, can hold the attention of an entire room,” Abdulrahman said.

The group invests heavily in nurturing local talent. Through initiatives such as Shaghaf — which was recognized by the Saudi Society for Culture and Arts in Jeddah — Kaif Theater provides intensive three-month training in all aspects of stagecraft.

“Our workshops cover everything: writing, acting, puppet theater, and production,” she said. “All led by seasoned professionals who know the field inside and out.”

The magic of theater begins with the written word — but it does not end there. According to Abdulrahman, a strong theatrical script is built from several essential elements. “It starts with the seed — the central idea or message,” she said. “Then the plot takes shape, building from beginning to climax to resolution.”

Characters are shaped by their conflicts, and dialogue becomes the lifeblood of the script. “In theater, dialogue moves the story,” she added. “It’s what makes a play feel alive.”

But these elements need a home. “Every play must be framed in a specific time and place — its setting, costumes, language and atmosphere matter just as much as its words,” she said. A theater director then oversees all aspects of staging: guiding performances, blocking movement, and ensuring the flow remains sharp and engaging.

Still, the transition from page to stage presents unique challenges. “Not every idea that works on paper succeeds on stage,” Abdulrahman admitted. “Some scenes require adjustments, others need visual reinforcement. The biggest test is finding which parts can come alive — and which need reshaping.”

Another challenge is to maintain balance. “If a play leans too heavily on dialogue, it risks becoming dull,” she said. “But if it relies too much on movement, it loses its narrative voice. The rhythm must be alive — neither too slow nor overly flashy.”

In an age of commercial entertainment, where box-office numbers often drive production choices, Kaif Theater is grounded in a different philosophy. “Creativity is what drives success,” Abdulrahman said. “When the script is strong, the performance sincere, and the experience meaningful — audiences return. And when they come back, they bring others.”

For her, the key is offering people something worth experiencing again. “If the audience trusts what you create, they’ll invest in it. Commercial success isn’t the goal — it’s the outcome of doing theater the right way.”

As the Kingdom drives its cultural transformation, initiatives such as Kaif Theater show just how vital live performance has become to Saudi life.

In the words of Abdulrahman: “Theater shares your sorrow, so it lessens — and shares your joy, so it grows.”


SR1.8 billion donated to Jood Regions housing campaign during Ramadan

Updated 30 March 2025
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SR1.8 billion donated to Jood Regions housing campaign during Ramadan

RIYADH: A total of SR1.8 billion ($491.7 million) was donated to Saudi Arabia’s Jood Regions housing campaign over the month of Ramadan.

The initiative supported more than 11,479 families with cash donations, financing solutions, housing unit construction donations and in-kind contributions.

Abdulaziz Al-Kuraidis, secretary-general of the National Developmental Housing Corporation (Sakan) thanked everyone who donated to the campaign, including King Salman and Crown Prince Mohammed bin Salman, who gave a combined total of SR150 million.

“This widespread participation reflects the spirit of social responsibility among our nation’s people and embodies the national vision of providing deserving families with dignified housing stability,” Al-Kuraidis said.

“At the Sakan Foundation, working collaboratively with our partners, we will continue developing innovative initiatives and partnerships that contribute to sustainable development and help achieve Saudi Vision 2030 goals.”

Al-Kuraidis said the platform would continue to advance the Sakan Foundation’s objectives by implementing comprehensive projects.

The Jood Regions campaign aims to provide adequate housing for families across Saudi Arabia. It was first launched during Ramadan 2024 and provided more than 10,000 housing units for families in need across the 13 provinces.

The initiative includes events to raise awareness and encourage community participation, bringing together entrepreneurs, leaders and others to ensure citizens can access suitable housing with ease and reliability, fulfilling the goals of developmental housing initiatives.

The Wad Al-Iskan platform played a pivotal role in the success of the Jood Regions campaign, Al- Kuraidis has said previously. The platform is another Sakan initiative which allows people to support families to obtain adequate housing by submitting their donations online.


Saudi Arabia welcomes formation of new Syrian government

Updated 30 March 2025
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Saudi Arabia welcomes formation of new Syrian government

  • Syrian President Ahmed Al-Sharaa announced a transitional government on Saturday, appointing 23 ministers

RIYADH – The Saudi Ministry of Foreign Affairs has welcomed the formation of a new Syrian government and hopes it will fulfill the aspirations of its people, reported the Saudi Press Agency on Sunday.

A statement emphasized the Kingdom’s commitment to cooperating with the new government, strengthening ties between the two nations and enhancing relations across all sectors.

The ministry also extended its best wishes to the new authority in achieving security, stability and prosperity.

Syrian President Ahmed Al-Sharaa announced a transitional government on Saturday, appointing 23 ministers in a broadened cabinet. The move is seen as a key milestone in the transition from decades of Assad family rule and to improving Syria’s ties with the West.


Saudi crown prince meets Lebanese prime minister in Makkah

Updated 30 March 2025
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Saudi crown prince meets Lebanese prime minister in Makkah

MAKKAH: Saudi Crown Prince Mohammed bin Salman met with Lebanese Prime Minister Nawaf Salam on Sunday at Al-Safa Palace in Makkah, the Saudi Press Agency reported.

The two leaders exchanged greetings on the occasion of Eid Al-Fitr and discussed bilateral relations, as well as the latest developments in Lebanon and the region.

Lebanese Prime Minister Salam said Saudi Arabia is helping resolve outstanding issues with Syria.

The meeting was attended by Saudi Defense Minister Prince Khalid bin Salman, Foreign Minister Prince Faisal bin Farhan, Minister of State and National Security Adviser Musaed bin Mohammed Al-Aiban, and the Crown Prince’s Secretary Bandar bin Obaid Al-Rasheed.

Salam was welcomed at King Abdulaziz International Airport by Makkah Region Deputy Gov. Prince Saud bin Mishaal bin Abdulaziz, along with other senior Saudi officials.