More than 190 Indian companies got licenses from the Saudi Arabian General Investment Authority (SAGIA) over the past two years to set up either fully-owned or joint venture projects with Saudis. These companies are capable of pumping more than SR4 billion to the Saudi economy, Adnan Al-Naeem, Deputy Secretary General of the Eastern Province Chamber of Commerce and Industry (EPCCI) told Arab News following a meeting with an Indian business delegation on Monday at the EPCCI headquarters in Dammam. Al-Naeem said “the volume of trade between the Kingdom of Saudi Arabia and India rose 28 percent to cross the SR13 billion mark in 2006."
