Indian Shares

India and Saudi Arabia have signed an energy co-operation deal. The deal referred to as the ‘Delhi Declaration’ was signed during a visit by King Abdullah to India. The deal will see both pubic and private companies in the two countries co-operating on projects. As part of the deal Saudi Arabia will invest in oil handling facilities in India. The declaration will also see the two countries work together on Information Technology, Energy, and bio-technology and education.

The energy agreement follows on from a similar deal signed between China and Saudi Arabia earlier in the week.