A delegation led by Rajasthan’s Minister of State for Industry and Commerce, K.K. Vishnoi, invited Saudi Arabia to join as a partner country for the upcoming ‘Rising Rajasthan Global Investment Summit 2024’ set to take place next month. The delegation, currently visiting Saudi Arabia, announced the signing of two Memorandums of Understanding (MoUs) in the hospitality sector as part of its efforts to boost investment in Rajasthan.
“Saudi Arabia, one of the largest economies in West Asia, is home to leading businesses in industries ranging from petrochemicals and engineering to real estate and renewable energy—all of which are vital to Rajasthan’s growth,” Vishnoi said. “Our discussions with prominent Saudi business groups have resulted in two significant investment MoUs in hospitality development,” he added.
In addition to encouraging fresh investments, the delegation highlighted the pro-business reforms introduced by Chief Minister Bhajan Lal Sharma, aimed at making Rajasthan a preferred destination for international investors. As part of their efforts, they signed agreements with Riyadh-based Swiss Hospitality Company and Jeddah-based C Ventures. Swiss Hospitality Company specializes in advisory, project management, and community engagement, while C Ventures offers consulting services and supports emerging entrepreneurs through community-building programs.
The delegation also engaged with Alfanar Projects, a leading engineering and construction company based in Riyadh, which expressed interest in exploring renewable energy investments in Rajasthan.
The delegation accompanying Minister Vishnoi includes key officials such as Naveen Jain, Secretary of Finance (Expenditure); Sandesh Nayak, Special Secretary to the Chief Minister; Navneet Kumar, Additional Commissioner for the Delhi-Mumbai Industrial Corridor; Ravish Kumar Verma, Joint Commissioner of Industries; and Krishan Kumar Gupta, Deputy General Manager of RIICO.
As part of its extensive outreach for the ‘Rising Rajasthan’ Summit, the Rajasthan Government has held investor meets across India and internationally, including in South Korea, Japan, UAE, Qatar, Singapore, Germany, and the United Kingdom. Domestically, investor engagements have been organized in Mumbai and New Delhi. So far, the Government has received investment proposals exceeding INR 18 lakh crore, reflecting strong interest from the global investor community in Rajasthan’s growth potential.
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