LONDON: Saudi Arabia’s Crown Prince Mohammed bin Salman met with 40 executives of US firms on Wednesday to review important Saudi-US investment opportunities, including the NEOM project.
The crown prince’s meeting comes after he signed a memorandum of understanding (MoU) with SoftBank to establish the largest solar power plant in the world.
It is part of the crown prince’s ongoing tour of the United States, which has coincided with the Saudi-US CEO Forum which was held in New York on Tuesday.
Stephen Schwarzman, CEO of Blackstone Group LP, noted an event for the crown prince on Tuesday evening.
During his last day in New York, the crown prince will meet with technology companies. He will also visit Houston, Los Angeles, San Francisco and Seattle to cultivate investments, and is expected to host a banquet.
Crown Prince Mohammed bin Salman meets with 40 US executives
Crown Prince Mohammed bin Salman meets with 40 US executives
India seals $3bn LNG agreement with UAE
- Leaders hold talks to strengthen trade, defense ties
NEW DELHI, DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the UAE, making it the Gulf country’s top customer, as the leaders of both countries held talks to strengthen trade and defense ties.
The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al-Nahyan for talks with Indian Prime Minister Narendra Modi.
They pledged to double bilateral trade to $200 billion in six years and form a strategic defense partnership.
Abu Dhabi state firm ADNOC Gas will supply 0.5 million tonnes of LNG a year to India’s Hindustan Petroleum Corp. for 10 years, the companies said.
ADNOC Gas said the agreement brings the total value of its contracts with India to over $20 billion.
“India is now the UAE’s largest customer and a very important part of ADNOC Gas’ LNG strategy,” the company said.
The UAE is India’s third largest trading partner and Sheikh Mohammed was accompanied by a government delegation that included his defense and foreign ministers. The two sides signed a letter of intent to work toward forming a strategic defense partnership, India’s Foreign Secretary Vikram Misri told reporters.
Misri, however, said that the signing of the letter of intent with the UAE does not mean that India will get involved in regional conflicts.
“Our involvement on the defense and security front with a country from the region does not necessarily lead to the conclusion that we will get involved in particular ways in the conflicts of the region,” he said.
