[ad_1]
Saudi Arabia’s investment initiatives in non-oil sectors such as infrastructure, manufacturing, tourism, renewable energy, and logistics would create vast opportunities for companies in India said top officials of Dubai based Blue Ocean Corporation, which provides products and solutions to its clients across MENA region and Indian sub-continent.
Indian manufacturing sector would also gain from the supply chain requirements of mega-projects, which will need components, materials, and goods sourced both locally and globally thus enabling Indian suppliers, manufacturers to establish long-term partnerships with Saudi entities, they said.
Saudi Arabia’s Vision 2030, the Red Sea Project, a multi-billion-dollar plan aimed at developing a world-class tourism and commercial hub along the Red Sea coastline will create orders and jobs for Indian construction and technology companies , they added.
“Indian businesses are now presented with a golden opportunity to strengthen their ties with Saudi Arabia as both countries aim to capitalise on the wave of economic development sweeping through the Middle East,” said Sathya Menon, Group CEO of Blue Ocean Corporation in a statement.
“As India’s economy continues to grow, its alignment with Saudi Arabia’s Vision 2030 will be crucial in shaping the future of trade, investment, and industrial collaboration in the region,” he said while speaking at the International Procurement and Supply Chain Conference in Riyadh, Saudi Arabia.
“The dynamicity of the current business landscape underscores the need of a robust supply chain, reminding us how important it is to get adapted to both challenges and opportunities, “ said Maraee AL-Qahtani, Deputy Minister of Supply Chain, Ministry of Health, KSA and the Chief Advisor of the International Procurement and Supply Chain Conference, Riyadh. “Saudi Arabia’s investment initiatives in non-oil sectors are creating vast opportunities for global partnerships and the IPSC plays a critical role in strengthening this partnership by bringing together global leaders to share best practices, innovations, and strategies that can optimise supply chains and drive greater efficiency,” said Abdul Azeez, Group Chairman of Blue Ocean Corporation.
Published – December 20, 2024 12:05 am IST
[ad_2]
‘Saudi Arabia’s Vision 2030 to create vast opportunities for Indian companies’
