Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
Yogi glorification in FIR and press freedom
access_time 10 Oct 2024 1:14 PM GMT
The lessons from the assembly elections
access_time 9 Oct 2024 10:57 AM GMT
Technology in evil hands!
access_time 8 Oct 2024 6:31 AM GMT
dalit
access_time 8 Oct 2024 1:21 PM GMT
exit_to_app
Homechevron_rightMiddle Eastchevron_rightSaudi Arabiachevron_rightSaudi Arabia launches...

Saudi Arabia launches new shipping route with India

text_fields
bookmark_border
Saudi Arabia launches new shipping route with India
cancel

A new shipping route linking Saudi Arabia's Jeddah Islamic Port with India’s major commercial hubs, Mundra and Nhava Sheva, has been launched by Folk Maritime Services Co., a subsidiary of the Public Investment Fund (PIF). This ten-day service, operated by two ships, aims to enhance trade between Saudi Arabia and India, particularly in the transport of goods like petrochemicals, according to the Saudi Press Agency.

Starting in September, this new route will strengthen bilateral trade relations and support Saudi Arabia’s national strategy for transport and logistics services. The initiative aligns with Vision 2030, which seeks to establish the Kingdom as a prominent global logistics hub.

Saudi Arabia is India’s fourth-largest trading partner, while India ranks as the Kingdom’s second-largest. The two nations share significant ties, with Saudi Arabia playing a crucial role in India's energy security and acting as a key partner in investment and technology transfer.

In 2023, Saudi Arabia’s exports to India reached $30.20 billion (Dh110 billion), with imports from India totaling $11.6 billion (Dh42 billion), according to Saudi Arabia's General Authority for Statistics.

Show Full Article
TAGS:saudi newsSaudi Vision 2030india and saudisaudi new trade route
Next Story