India, Saudi Arabia to finalize bilateral investment treaty soon
India and Saudi Arabia have reaffirmed their commitment to conclude a Bilateral Investment Treaty (BIT), aiming to make it easier for both countries to invest in each other.
The move was confirmed after a meeting between India's Finance Minister Nirmala Sitharaman and Saudi Arabia's Investment Minister Khalid Al-Falih in New Delhi.
BIT will boost investments in both countries
Even though Saudi Arabia is one of India's top trading partners, its investments here have been surprisingly low—just $3.3 billion over 25 years.
This new treaty is set to give investors legal protection, which could mean more jobs, fresh business opportunities, and stronger economic ties as India pushes toward becoming the world's third-largest economy.
If you're interested in global business or future job markets, this is definitely one to watch.