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Zahid Shahab Ahmed, University of New England (Australia) and Stuti
Bhatnagar, Jawaharlal Nehru University (New Delhi, India)
India and Saudi Arabia - The fourth largest trading partner
of India, during the last few years, a number of trade and
industry delegations have visited Saudi Arabia to explore
opportunities for long-term partnerships and cooperation,
including joint ventures. Soon after new investment laws
came into force in Saudi Arabia in mid-2000, a number of
Indian firms have taken advantage of the new Saudi laws
providing for 100% foreign ownership of projects in the
Kingdom. Since then, Indian companies have established
108 joint ventures in Saudi Arabia in different sectors. In
January 2006, during his trip to India, King Abdullah of
Saudi Arabia signed four accords significant among which
were the agreement on avoidance of double taxation and the
bilateral investment protection agreement.
India and UAE – The relationship between India and the
United Arab Emirates (UAE) has evolved into a significant
partnership in the economic and commercial sphere with
UAE emerging as the second largest market globally for
Indian products. At the same time Indians have emerged as
important investors within the UAE and India as an
important export destination for the UAE manufactured
goods.
Many Indian companies have contributed to the
growth of a number of sectors in the region, like
power generation and transmission, highways,
telecommunication, water and other infrastructure
development. The presence of warehouses of the
different Indian companies in UAE has also resulted
in an increase in the trade not only with UAE but
also India’s trade with other Gulf countries. 1
India and Oman - Economic and commercial
exchanges between India and Oman go back
1 Embassy of India, Abu Dhabi,
http://www.indembassyuae.org/induae_bilateral.phtml
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