Saudi Arabia to invest $100 billion in India

[graphican]

UN Action Must If There's Proof Against Jaish: Saudi Foreign Minister On Pulwama Terror Attack

https://www.ndtv.com/video/exclusiv...eign-minister-on-pulwama-terror-attack-507302

"IF" -- --- ---- "IF".

IF you are talking about Jaish India than sure - but no one from Pakistan is involved.

 

[AZ1]

So $100 billion to huge india crowd.

We have small crowd and $20 billion phase one and MBS said it will grow month or yearly in his speech.

So we can expect $50 billion in 5-10 years more.

 

[Sheikh Rauf]

UN Action Must If There's Proof Against Jaish: Saudi Foreign Minister On Pulwama Terror Attack

https://www.ndtv.com/video/exclusiv...eign-minister-on-pulwama-terror-attack-507302

LOL "IF" he said if there is then india have to provide and no one have time to cry like india .. india needs to go to UN with crocodile tears.
they will definatily will pressurize pakistan and Allah knows how many Monkeys we have caught so far.

 

[Indus Pakistan]

And no shortage of eggs.

Good for you. Now seeing as you have so many, as a act of humanity share some out to these souls. They are human beings, not animals.

 

[HalfMoon]

100 Billion is a conditional investment. It would only be invested if India agrees to open the dialogue with Pakistan and give Kashmir to Pakistan. For now Modi has agreed to this proposal but need to see if Modi comes back to power or not. All signs are that Modi will not come back.

 

[anant_s]

Is that all? Even Pakistan with it's problems attracted over $21 billion.

Hi there!
Have seen such promises made before, the proverbial proof pudding would be in eating.
Let us see how much these "promises" materialize on ground.
& i say this for both countries. People are ready to invest given market size and demographics, but with corrupt officials and lazy bureaucracy, little progress is made prompting the money to move elsewhere, leaving such statements as nicety of a visiting guest.

 

[Indus Pakistan]

Hi there!
Have seen such promises made before, the proverbial proof pudding would be in eating.
Let us see how much these "promises" materialize on ground.
& i say this for both countries. People are ready to invest given market size and demographics, but with corrupt officials and lazy bureaucracy, little progress is made prompting the money to move elsewhere, leaving such statements as nicety of a visiting guest.

I agree. I have no illusions and am not one of those who smokes the ummah Muslim weed. But I think there is strong chance of this. Reasons -

• MBS is short on friends post Kashoggi affair
• KSA has already given $3 billion and £3billion in oil subsidy so we have dynamic here.
  
• We have a good government in Pakistan

 

[Corona]

Good for you. Now seeing as you have so many, as a act of humanity share some out to these souls. They are human beings, not animals.

If the solution to poverty and hunger were handing out freebies, the planet would've eradicated it a couple of decades ago. Education, now that's a gift worth recieving.

Besides, I see a man with a profession. A voluntary service provider for a demand that exists. It ain't the high life, but it's honest work. I don't think he needs any foreign eggs from his government.

 

[alphapak]

You are a fool... Check the list... Only 4 from Punjab... don't buy the PROPAGANDA at its face value...
PROOFS were given in past and...

Just try to understand why all three neighbors i.e., India, Afghanistan and Iran blame PAKISTAN for every terror attack... INTROSPECT...

India and Iran are saints that is why they Kulbhosan Yadav to play ludo in Pak. The less
said about Afghanistan and their Indian stooges the better.

 

[Aramagedon]

This is new.

Saudi Arabia to Invest $1.5 Billion in India’s Jio Platforms

P R Sanjai
Jun 18 2020, 4:24 PM IST Jun 21 2020, 10:42 AM IST

(Bloomberg) -- Saudi Arabia’s sovereign fund will invest $1.5 billion in the telecommunications and digital services business controlled by Indian billionaire Mukesh Ambani, bringing total new investment in Jio Platforms Ltd. to $15.2 billion since April.

The Public Investment Fund will hold a 2.32% stake in the arm of Reliance Industries Ltd., the Mumbai-based company said in a statement Thursday.

The deal, the 11th into Jio in about two months, adds to the list of high-profile backers betting the company will disrupt India’s massive consumer market with its technology. Reliance Industries has vowed to pay down net debt to zero before March 2021, while using its roughly 400 million wireless phone subscribers as the cornerstone of an e-commerce and digital business.

Ambani’s $65 billion digital unit has sold about 25% in stakes to buyers including Facebook Inc. and U.S. private equity firms including KKR & Co., Silver Lake Partners and General Atlantic.

Buyer Amount Stake Date
Facebook $5.7 billion 9.99% April 22
Silver Lake* $1.35 billion 2.1% May 4, June 5
Vista $1.5 billion 2.3% May 8
General Atlantic $873 million 1.3% May 17
KKR $1.5 billion 2.3% May 22
Mubadala $1.2 billion 1.85% June 5
Abu Dhabi Investment Authority $752 million 1.16% June 7
TPG Capital $600 million 0.93% June 13
L Catterton $248 million 0.39% June 13
PIF $1.5 billion 2.32% June 18
*Silver Lake’s investment is in two parts, including a $602 million segment announced June 5 that includes backing from co-investors.

The investments boost Ambani’s momentum in shifting his sprawling conglomerate, India’s largest company, away from dependence on oil refining and petrochemicals toward telecommunications, e-commerce, online entertainment and payments.

“We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades,” Ambani said in Thursday’s statement. “From Oil Economy, this relationship is now moving to strengthen India’s New Oil (data-driven) Economy.”

https://www.bloombergquint.com/business/saudi-arabia-s-pif-to-invest-1-5-billion-in-jio-platforms

 

[Type59]

This is new.

Saudi Arabia to Invest $1.5 Billion in India’s Jio Platforms

P R Sanjai
Jun 18 2020, 4:24 PM IST Jun 21 2020, 10:42 AM IST

(Bloomberg) -- Saudi Arabia’s sovereign fund will invest $1.5 billion in the telecommunications and digital services business controlled by Indian billionaire Mukesh Ambani, bringing total new investment in Jio Platforms Ltd. to $15.2 billion since April.

The Public Investment Fund will hold a 2.32% stake in the arm of Reliance Industries Ltd., the Mumbai-based company said in a statement Thursday.

The deal, the 11th into Jio in about two months, adds to the list of high-profile backers betting the company will disrupt India’s massive consumer market with its technology. Reliance Industries has vowed to pay down net debt to zero before March 2021, while using its roughly 400 million wireless phone subscribers as the cornerstone of an e-commerce and digital business.

Ambani’s $65 billion digital unit has sold about 25% in stakes to buyers including Facebook Inc. and U.S. private equity firms including KKR & Co., Silver Lake Partners and General Atlantic.

Buyer Amount Stake Date
Facebook $5.7 billion 9.99% April 22
Silver Lake* $1.35 billion 2.1% May 4, June 5
Vista $1.5 billion 2.3% May 8
General Atlantic $873 million 1.3% May 17
KKR $1.5 billion 2.3% May 22
Mubadala $1.2 billion 1.85% June 5
Abu Dhabi Investment Authority $752 million 1.16% June 7
TPG Capital $600 million 0.93% June 13
L Catterton $248 million 0.39% June 13
PIF $1.5 billion 2.32% June 18
*Silver Lake’s investment is in two parts, including a $602 million segment announced June 5 that includes backing from co-investors.

The investments boost Ambani’s momentum in shifting his sprawling conglomerate, India’s largest company, away from dependence on oil refining and petrochemicals toward telecommunications, e-commerce, online entertainment and payments.

“We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades,” Ambani said in Thursday’s statement. “From Oil Economy, this relationship is now moving to strengthen India’s New Oil (data-driven) Economy.”

https://www.bloombergquint.com/business/saudi-arabia-s-pif-to-invest-1-5-billion-in-jio-platforms

Buying shares because they know jio is favoured by bjp. All other rivals are nearly bankrupt.

Separately how many new factories has KSA gonna establish

 

[Aramagedon]

If Saudi house has huge petro money and they don't know what to do with it they should invest in brotherly Islamic countries like Pakistan NOT India which has several times bigger GDP than Pak.

https://defence.pk/pdf/threads/documentary-lifestyle-of-saudi-royal-family.672594/