Saudi economy ‘dependent on Indian workers’ | GulfNews.com:
"Enhanced strategic ties and defence cooperation will encourage Indians and Saudis to boost two-way investments, which are currently far below the potential, the Saudi-India business council chief has said, adding that the kingdom’s economy is “dependent on Indian workers”.
“Improvements in strategic and political relations have positive impacts on businesses. The defence cooperation will have a big positive impact on investments and trade,” said Kamel S. Al Munajjed, chairman of the Saudi-India Joint Business Council, told IANS in an interview.
India and Saudi Arabia signed a memorandum of understanding on defence cooperation during the official visit of the oil-rich Gulf kingdom’s Crown Prince Salman Bin Abdul Aziz Al Saud here last week."
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