Saudi Arabian investments are likely to rise, after Crown Prince's visit to India.

The recent visit of the Saudi crown prince to India has considerably brightened the prospects of growth in the bilateral trade between India and Saudi Arabia, which grew at 9.56% in the last fiscal. Saudi Arabia has committed an investment of USD 100 Billion in India largely in the Infra, Energy and Housing sectors besides Defence co-production. Saudi Arabia aims to widen its economic footprint in India. India is also looking forward to greater collaboration with Saudi Arabia in civil aviation, where there is considerable potential for enhanced links, especially in the context of increasing trade, tourism and in enhancing the convenience of travel. These measures are likely to open the doors for a huge expansion of Saudi business interests in India. Saudi Arabia has also asked India to allow foreign ownership in Real Estate. This is typically in line with the business philosophy of Saudi Arabia to buy real estate for personal use or business wherever it does business. If this proposal does go through, it will further pave way for a heavy influx of investment in real estate and other allied industries in India.