Saudi ambassador: Vision 2030 reforms bring India ‘immense opportunities’

Dr. Saud bin Mohammed Al-Sati praised relations with India in an article for The Indian Express (SPA)
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Updated 21 September 2021
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Saudi ambassador: Vision 2030 reforms bring India ‘immense opportunities’

  • Writing in The Indian Express newspaper, Saud Bin Mohammed Al-Sati praises relations
  • Says Indian investment in the Kingdom continues to grow

LONDON: Saudi Arabia’s Vision 2030 economic reform program has created “immense opportunities” for Indian companies, Saudi Arabia’s ambassador to India said.

Writing in The Indian Express newspaper, Dr. Saud bin Mohammed Al-Sati said the number of Indian companies investing in the Kingdom had continued to grow.
“In our endeavor to achieve the Vision 2030 strategic goals, we have created immense opportunities and an attractive business environment for our strategic partners,” Al-Sati said. 

Vision 2030 aims to diversify the Saudi economy away from fossil fuels and increase non-oil revenue, including from foreign investment.

Al-Sati said that in 2020, 44 new licenses were issued for Indian investments and that Saudi Arabia had made investments worth $2.81 billion in areas including renewable energy, agriculture and health.

In the column to mark Saudi Arabia’s National Day on Thursday, Al-Sati praised relations with India.
“Our dynamic cultural, socio-economic, and political partnership is based on mutual respect and shared values and interests and shall continue to thrive for the interests of our two friendly people and the people of the region,” he said.

Al-Sati outlined the progress made by Vision 2030 since it was announced in April 2016 by Crown Prince Mohammad bin Salman.

He said the reforms had helped Saudi Arabia weather COVID-19 and that the Kingdom’s investment environment was returning to pre-pandemic levels.


Saudi Arabia launches initiative to reroute Gulf cargo to Red Sea ports

Updated 13 March 2026
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Saudi Arabia launches initiative to reroute Gulf cargo to Red Sea ports

  • The initiative comes as shipping through the Strait of Hormuz has been severely disrupted by the widening conflict in the region
  • Since the US and Israel struck Iran last month, Tehran has moved to restrict passage through the waterway

 

RIYADH: Saudi Arabia has launched an initiative to redirect shipping from ports in the Arabian Gulf to its Red Sea ports amid the ongoing US-Israel-Iran war.

Transport Minister Saleh Al-Jasser, who also chairs the Saudi Ports Authority (Mawani), launched the Logistics Corridors Initiative alongside Zakat, Tax and Customs Authority Governor Suhail Abanmi, Mawani President Suliman Al-Mazroua, and other officials, the Saudi Press Agency reported.

The initiative will establish dedicated operational corridors to receive containers and cargo redirected from ports in the Kingdom's Eastern Region and other Gulf Cooperation Council states to Jeddah Islamic Port and other Red Sea coast ports.

Al-Jasser said the Kingdom was committed to ensuring supply-chain stability and the smooth flow of goods through global trade routes. Jeddah Islamic Port and other west coast ports, he added, were already playing a key role in accommodating shipments redirected from the east, while also linking Gulf cargo to regional and international markets.

The initiative comes as shipping through the Strait of Hormuz has been severely disrupted by the widening conflict in the region. Iran has long threatened to close the strait — the world's most critical oil and gas chokepoint, through which roughly a fifth of global oil supplies pass — in the event of a war.

Since the US and Israel struck Iran last month, Tehran has moved to restrict passage through the waterway, sending freight rates soaring and forcing shipping companies to seek alternative routes.

Saudi Arabia's Red Sea ports offer a viable bypass, connecting Gulf cargo to global markets without passing through the strait.