Bilateral Investments
The bilateral investment between the two countries is growing steadily. Since mid-2000, a
number of Indian firms have taken advantage of the new Saudi laws and established joint
venture projects or wholly-owned subsidiaries in the Kingdom. According to Saudi Arabian
General Investment Authority (SAGIA), as of 31.01.2006 to 31.12.2010 it has issued 426 licenses to Indian companies for joint ventures/100% owned entities, which are expected to bring total investment of US$ 1624.60 million in Saudi Arabia (as per latest figures available). These
licenses are for projects in diverse sectors such as management and consultancy services,
construction projects, telecommunications, information technology, pharmaceuticals, etc.
Moreover, several Indian companies have established collaborations with Saudi companies and are working in the Kingdom in the areas of designing, consultancy, financial services and
software development. On 12.12.12, Tata has signed a letter of intent to establish factory in
Saudi Arabia to produce 50,000 Land Rovers a year by 2017. The initial investment is estimated at US$1.2 billion