On Visit To Delhi, Saudi Crown Prince Says Will Invest $100 Billion In India
Saudi Crown Prince Mohammad bin Salman received a king’s welcome in India, where his government intends to invest $100 billion over the next two years. The visit comes after MBS, as he is known, was in Pakistan, which Delhi accuses of harboring terrorists like the ones that killed dozens of Indian officers in an attack last week in the disputed Kashmir region. In a joint press conference with Prime Minister Narendra Modi, the crown prince offered support to India in the form of intelligence sharing and announced the formation of a high-level task group to combat terrorism. Bin Salman’s trip evidences the delicate diplomatic balancing act Riyadh must play in order to actualize its Vision 2030 plan of diversifying the Saudi economy, which includes major investments in infrastructure and other projects in countries such as India and Pakistan. The crown prince will finish his three-nation tour in China, where he is expected to sign even bigger business deals with the ruling Communist party of the world’s second largest economy.