As many as four MoUs were signed – two each for skill development and hospitality sectors, with Saudi Arabian companies as a high-level delegation led by K. K Vishnoi, Minister of State for Industries and Commerce, held meetings with several leading companies UAE.
These companies included Al-Jomaih Group, Saudi Basic Industries Corporation (SABIC), ACWA Power and Lulu Saudi Hyper Market.
The delegation impressed upon the investors and business leaders to visit Rajasthan and explore new business opportunities in the state during these meetings. The investors and companies were also apprised about the business-friendly policy decisions being taken by the government.
The meeting with Al-Jomaih Group of Companies featured discussions on the diverse services offered by Al-Jomaih Holding Co., spanning sectors such as investment, automotive and equipment, financial services, energy, real estate, and consumer goods and the conversation focused on how these sectors could contribute to Rajasthan's economic growth.
During the meeting with SABIC, its officials showed interest in exploring investment opportunities in Rajasthan across key sectors such as fertilizers, petrochemicals and renewable energy, with a particular emphasis on potash exploration for its fertilizers business.
Similarly, officials of ACWA Power showed interest in exploring the power sector of Rajasthan, while officials of Lulu Saudi Hyper Market appeared inclined to explore the retail sector.
Speaking after these meetings K. K Vishnoi said that the state government wish to leverage key strengths of Saudi Arabia, and their companies were invited to explore Rajasthan, which is a land of immense opportunities for doing business.
“We have so many things to offer and are committed to bring investments in the State,” he said.
Naveen Jain, Secretary of Finance (Expenditure), delivered an insightful presentation on Rajasthan and showcased the potential and opportunities available in various sectors of Rajasthan to the investor community during the investor meet at Riyadh.
Addressing the investors, he said, “Rajasthan is a unique state not just in terms of abundance of resources such as land & minerals but also due to the potential it offers to the investors across sectors. The range of subsidies and incentives on offer and proximity of the state with the national capital are some other factors that make the state an attractive investment destination.”
The delegation included Naveen Jain, Secretary, Finance (Expenditure), Sandesh Nayak, Special Secretary to Chief Minister, Navneet Kumar, Additional Commissioner, DMIC and other top officials of the Government of Rajasthan.
Prakash Bhandari is a veteran journalist with over 50 years of experience. He has worked with The Times of India for 30 years and contributed to leading publications as well as international news agency AFP.
