Saudi Crown prince’s India visit will help expand ties beyond energy

Crown Prince Mohammed bin Salman’s visit to India will boost robust interactions that New Delhi has established with Saudi Arabia over the last few years. (Supplied)
Updated 20 February 2019
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Saudi Crown prince’s India visit will help expand ties beyond energy

  • New Delhi’s participation in Kingdom’s mega projects a major aspect of renewed ties: Talmiz Ahmad

NEW DELHI: Saudi Crown Prince Mohammed bin Salman’s first visit to India is a landmark development in bilateral ties between India and Saudi Arabia, according to Talmiz Ahmad, a former ambassador to Riyadh.

Saudi Arabia is India’s largest supplier of crude oil, but since taking office in 2014 Prime Minister Narendra Modi has sought to use India’s growing economy to attract more investment from Saudi Arabia beyond energy, and foster cooperation on trade, infrastructure and defense.

Ahmad, author of several books on the Arab world and twice India’s Ambassador to Riyadh, said that while the backbone of New Delhi’s relationship with the Kingdom is energy, the two sides had been discussing “how to give greater substance and longevity to the relationship on the basis of concrete projects.”

Reuters reported this week that India is expecting Prince Salman to announce an initial investment in its National Investment and Infrastructure Fund, a quasi-sovereign wealth fund, to help accelerate the building of ports and highways. Saudi Arabia has also suggested investing in India’s farming industry, with an eye on food imports to the Kingdom. 

Ahmad said Saudi Arabia’s NEOM project, a $500 billion smart city in Tabuk province on the Egyptian and Jordanian borders, would also provide great opportunities for Indian companies. 

He added that Saudi Arabia’s Vision 2030, the crown prince’s blueprint to fundamentally transform Kingdom’s economy, presents another opportunity for Indian businesses to prosper from the relationship.

“India is extremely well placed,” said Ahmad. “We are world leaders in small and medium enterprises and in the services sector. Saudi Arabia also has proposals to develop its tourism and leisure sectors, and I believe India is also well placed in those areas too.”

He also discussed how the strategic partnership had been initiated by former Indian Prime Minister Manmohan Singh, who visited Riyadh in 2010, but that Modi, who visited in 2016, had added “considerable substance” to the relationship.

He stressed, though, that Riyadh’s ties with India are independent of its relationship with Pakistan. He added India and Saudi Arabia were also working together to improve the security situation in Afghanistan, to resolve the 17-year conflict between government forces and the Afghan Taliban, as well as in the wider West Asia region. 

“India has excellent relations with all the countries in West Asia, and New Delhi is well placed to address some of the concerns that all the countries have with each other,” he said.


MiSK, Qiddiya team up for internship program 

Updated 25 March 2019
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MiSK, Qiddiya team up for internship program 

  • Interns will work on entertainment mega-project
  • Program open to university seniors and new graduates

RIYADH: A new internship program for young Saudis has been launched in the Kingdom, following a partnership between Misk Foundation and the Qiddiya Investment Company (QIC).

The program runs from June 16 to Aug. 31, 2019, and provides an opportunity for university seniors and recent graduates to be part of Qiddiya, an entertainment mega-project located 40 minutes from Riyadh.

Interns will have the chance to work at Qiddiya’s corporate offices alongside professionals from around the world and will be placed across 12 departments.

They will learn and develop skills that are required to succeed in their professional lives.

They will also gain exposure to QIC’s culture and learn from executives with over 20 years of experience across several sectors. 

QIC CEO Mike Reininger said: “We are contributing directly to the Saudi Vision (2030 reform plan) by creating a richer lifestyle for Saudi citizens while spurring innovation in the creative, hospitality and entertainment sectors. This unique opportunity allows students and fresh graduates to experience what it takes to be part of the change in Saudi by giving them the chance to work alongside a group of both local and international seasoned professionals. Thanks to this partnership with MiSK, we will be training the next generation of industry leaders.” 

Application to the program is open for those with fewer than two years of professional experience. Candidates must show strong academic credentials and submit a short video as part of their application.

King Salman led the Qiddiya ground-breaking ceremony in front of a global audience last April.

The project is aimed at helping to stem the $30 billion a year which Saudis currently spend abroad on tourism, and has the backing of the Kingdom’s Public Investment Fund.

It targets local, regional and international tourists and will be Saudi Arabia’s preeminent entertainment, sports and cultural destination.

It is expected to be the world’s largest entertainment city by 2030, with a total area of 334 square kilometers, surpassing Walt Disney World in Florida, which is only 110 sq. km.