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Relations between the two nations are generally strong and close, especially in commercial interests. Indo-Saudi bilateral trade reached US$27.48 billion in the financial year 2017–18, up from US$25.1 billion in the preceding year. Saudi Arabia's exports to India stood at US$22.06 billion whereas India's exports were US$5.41 billion. [1]
Asus is currently very influential in big mobile markets like India, China, and other Asian countries. It is known as the ZenFone series. Before the ZenFone line, Asus released feature phones such as the Asus v70 and smartphones running on Windows Mobile during the mid-2000s.
In 2021, Saudi Arabia's Public Investment Fund (PIF) sold 120 million shares in Saudi Telecom Company (stc Group) for $3.2 billion after completing a secondary share offering of stc Group. [12] [13] The STV Investment Fund, which invests in small and medium-sized companies in communications and information technology, was established in 2018. [25]
Ceer Motors is an electric vehicle brand in Saudi Arabia. [1] It is the first EV brand in Saudi and includes Sedans and Sports Utility Vehicles (SUV's) for the GCC region. [2] Ceer Motors plans to distribute in Middle Eastern markets by 2025. [3] [4] [5] The brand name Ceer, translates to the Arabic word for "drive forward". [6]
In 1985, Saudi Arabia and other Arab countries launched two communications satellites called ArabSat....Their use in...education is limited only by the imagination and resources of the user. Post-internet technology and education in Saudi Arabia The number and percentage of the population of internet users in Saudi Arabia (2001–2011)
China has been Saudi Arabia's largest economic partner since 2014 and Saudi Arabia is the biggest source of China's oil imports. [296] In 2019, Chinese officials announced plans to incorporate Saudi Vision 2030 into the Belt and Road Initiative , and expand economic, cultural, strategic and military co-operation.
India and Saudi Arabia signed an agreement to manage and organize the recruitment of domestic workers in January 2014. Between then and April 2016, 500,000 Indians moved to Saudi Arabia for employment. The agreement includes a provision which stipulates that sponsors must pay a guarantee of US $2,500 for each Indian worker they recruit. [9]
King Abdulaziz City for Science and Technology (KACST; Arabic: مدينة الملك عبدالعزيز للعلوم والتقنية) in Riyadh, Saudi Arabia is a governmental organization established in 1977 as the Saudi Arabian National Center for Science & Technology (SANCST); in 1985, it was renamed King Abdulaziz City for Science and Technology.