Prime Minister Narendra Modi arrived in Riyadh late on Monday night on a two-day visit,where he will hold bilateral talks as well as attend several programmes with an aim to boost bilateral ties between the two countries in key sectors, including energy and finance.They landed at King Khalid International Airport in Riyadh by special airplane, where they were welcomed and will be staying at the king Saud palace during the visit.
Modi is in the kingdom at the invitation of Saudi king Salman Bin Abdulaziz Al Saud. He will deliver the keynote address under the title ‘What’s next for India?’ at the Future Investment Initiative (FII), which is dubbed as ‘Davos in the Desert’.The major pacts to be signed included an agreement to launch an India-Saudi Arabia Strategic Partnership Council, an MoU to roll out RuPay card, India’s digital payment system, and a separate one on bringing coordination between e-migration systems of the two countries, Secretary (Economic Relations) in the External Affairs Ministry TS Tirumurti said.
“India and Saudi Arabia have enjoyed traditionally close and friendly relations. Saudi Arabia has been one of the largest and reliable suppliers of India’s energy needs,” Modi said in his departure statement in New Delhi.The two sides would also sign an agreement to establish a Strategic Partnership Council to coordinate on key issues. The council will be headed by Prime Minister Modi and the crown prince and they will meet every two years.