FM Sitharaman meets Saudi Arabia’s Minister of Investment, discusses early conclusion of Bilateral Investment Treaty

NEW DELHI: Union Finance Minister Smt. Nirmala Sitharaman on Wednesday met Khalid Al Falih, Minister of Investment of Saudi Arabia, here to discuss ways to strengthen economic ties between the two countries.

The two leaders reviewed the progress in the Bilateral Investment Treaty (BIT) between India and Saudi Arabia. They agreed on the need for its early conclusion to help unlock stronger two-way foreign direct investment (FDI) and deepen cooperation.

“Union Minister for Finance and Corporate Affairs Smt. @nsitharaman met H.E. Mr. @Khalid_AlFalih, Minister of Investment @MISA, Saudi Arabia, in New Delhi, today. The two leaders discussed Bilateral Investment Treaty #BIT between India and Saudi Arabia, and also sought an early conclusion of the #BIT to unlock robust two-way FDI and to further deepen mutual cooperation,” Finance Ministry said in a post on X.