Don’t miss the latest developments in business and finance.

Saudi businessmen explore opportunities in India

Image
Press Trust of India Dubai
Last Updated : Jan 24 2013 | 2:10 AM IST

Indian Consul General in Jeddah Faiz Ahmad Kidwai described the visit as significant. "It will strengthen and cement the good ties that currently exist between our two countries," Kidwai said in a statement.

The visit was organised jointly by the Consulate General of India and the Saudi-Indian Business Network (SIBN) and the delegation was led by Ghazi Binzagr of Binzagr Group and Faysal Al-Aquil, CPC Director of Business Development and Head of CSR.

Al-Aquil said his country has recently established a limited liability company registered in Mumbai named CPC India for Industrial Development.

"This new company will be working on three parallel lines under the umbrella of the Holding company in Saudi Arabia, the core business are development of Industrial Parks, set up green field building materials factories and acquisition of existing building materials factories," Al-Aquil said.

  

Also Read

First Published: Dec 04 2012 | 2:55 PM IST

Next Story