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           Indian Investment in Saudi Arabia 

            A steady growth has been noticed in the bilateral investment between the two countries. From April 2000, many Indian firms have taken advantage of the new Saudi investment laws which allow setting up of 100% foreign owned projects or joint ventures in the Kingdom. The Saudi Arabian General Investment Authority (SAGIA) established in April 2002 as the main licensing body for foreign investments in Saudi Arabia has awarded more than 82 licenses to Indian companies for establishing Joint ventures and hundred percent Indian owned companies in Saudi Arabia in different sectors such as management and consultancy services, construction projects, power, telecommunications, IT, pharmaceuticals, furniture, etc.  These JVs/100% foreign-owned companies were expected to bring investment of more than US $ 467.25 million in Saudi Arabia. In addition, several Indian companies are working in Saudi Arabia in the areas of construction, IT, software development, designing, consultancy, financial services among others. A quantum jump in bilateral investment is expected with the successful visit of Saudi King to India.   

Indian Investment Projects in Saudi Arabia

 (A) Service Projects of India since the inception of SAGIA till May 2005

S. No.

 

Name & Address of the Company

      Tel.

Fax

No. & date of License

Total Capital

 

1

Salman Al-Teres & partners Construction Co. Ltd. PO Box: 245802

Riyadh 11312

01-2919409

4790445

93

05.05.2001

5.00

2

Telecommunication India Ltd. (TCIL)

New Delhi 110048

0090-11-62462255

0091-11-62462266

241

27.06.2001

2.00

3

Syed Masood Ahmad Contracting Co.

PO Box: 12662

Jeddah 21483

02-6548585

02-6546777

351

04.08.2001

2.50

4

Taj Rest. Establishment

PO Box:12662

Jeddah 21483

02-6548585

02-6546777

352

04.08.2001

3.00

5

Mohammad Salim Qureshi Computer systems Co.

PO Box: 2191

Riyadh 11451 

01-4777764

4741955

554

09.10.2001

2.00

6

Mazhar Hamid Al-Ghamidi Spare-parts Center PO Box: 6426

Riyadh 11442

055419945

 

555

09.10.2001

2.40

7

Multiple Services Contracting Co.

PO Box: 17013

Riyadh 11454

4808275

4883322

560

10.10.2001

2.00

8

Kanal Communication Ltd. PO Box: 92580

Riyadh 11663

4728611

4728600

734

29.11.2001

2.00

9

Jaya Al-Saudia Medical Services Ltd.

PO Box: 10972

Riyadh 11443

4199999

4190404

128

16.04.2002

2.00

10

Syed Najib Ahmad Contracting & Maintenance Co.

PO Box :35068

Jeddah 21488

02-6751679

02-6751679

131

16.04.2002

2.00

 11

Saudi Progressive Development and Contracting Co. Ltd.

PO Box : 50442

Riyadh 11472

4777673

4762665

162

18.04.2002

2.00

12

Mohammad Ali Patel Computer Establishment

PO Box :16435

Riyadh 11464

4053678

4053678

337

22.05.2002

2.00

13

Basim Husain Momina International Shipping & Transport services Ltd. 

PO Box :16272

Jeddah 21464

02-6420333

02-6441558

470

10.06.2002

47.0

14

Mohammad Abdul Karim Faisal Computer Maintenance Est.

PO Box : 8957

Jeddah 21492

056668808

02-6971039

845

19.08.2002

2.00

15

HFCL Arabia Ltd.

PO Box: 69103

Riyadh 11547

4642291

4614110

1106

18.11.2002

 

2.00

16

Nuwah International Integrated Software Systems Ltd.

PO Box : 87742

Riyadh 11547

 

2933314

4613855

1355

07.02.2003

2.00

17

Al-Rumeda Decorations and Gypsum works Ltd.

PO Box: 4954

Al Khobar 31952

 

03-8679174

03-8679598

1396

02.03.2003

2.00

18

Homrace Technical Co.

PO Box: 325606

Riyadh 11371 

4784457

4792754

76

02.04.2003

2.00

19

Branch of Instant Cash Co., PO Box :22022

Riyadh 11495

4601323

4602047

213

30.04.2003

2.00

20

Mohammad Sadiq Selawat Contracting Co.

PO Box :1183

Riyadh 11392

4488568

 

249

13.05.2003

2.00

   21

Branch of Progressive Construction Co.

PO Box :2609

Riyadh 11461

 

4030712

4067919

390

09.06.2003

3.00

22

Branch of WIPRO Ltd.

PO Box :909

Riyadh 11413

4632374

4627566

546

03.08.2003

2.00

23

United Medical Services Co. Ltd.

PO Box :86825

Jeddah 21537

02-6573029

 

582

12.08.2003

2.00

24

Manaar Al-Uloom National School

PO Box :14754

Jeddah 2134 

02-6701489

02-6424515

618

01.09.2003

2.00

25

International Meer Co. Ltd.

PO Box :88106

Riyadh 11662 

01-4644480

4656893

748

03.11.2003

NA

26

Al-Sharid (sic) & Vishal International Contracting Co. Ltd.

PO Box :53215

Riyadh 11662

2171451

2170195

783

01.12.2003

NA

27

Munshi Mohammad Lal Contracting Co.

PO Box :16239, Qatif 

03-8513674

03-8822147

844

23.12.2003

2.00

28

Jeddah National Hospital

PO Box:23476

Jeddah 21426 

02-6727909

02-6728909

135

17.04.2004

27.5

29

Uniti Care Healthcare Services Ltd.

2nd Floor, Airline Centre, North Block, King Abdul Aziz Road, PO Box: 79565, Al Khobar 31952

Mr. Ajmal, Managing Director

03-8877360 /8650602

Mob. 050506848555 / 0507008155

03-8877836/ 8999485

E-mail: ajmal@uchsltd.com

Web: www.ajmal@uchsltd.com 

263

13.06.’04

2.00

30

Mohammad Azad Abdul Hafeez Industrial Equipments Maintenance Est.

PO Box :31664

Jeddah 21481

02-6816624/ 0505611081

02-6815931

334

03.07.2004

2.00

31

Branch of K. Y. Fetaihi Constructions Private Limited

PO Box :7164

Riyadh 11462

01-2171763

2171464

359

07.07.2004

2.50

   32

Taj Al-Tawakkul Contracting Co.

PO Box :7412

Riyadh 11462 

01-2647011 /0500148280

2643840

505

29.08.2004

2.00

33

Saudi Al-Olaya Computer Systems Co.

PO Box :65668

Riyadh 11566

01-4661410

4661688

512

01.09.2004

2.00

34

Sana Al-Jazeerah Ltd.

PO Box :4971

Riyadh 11412

01-4707577 /0504430786

4707674

538

13.09.2004

2.50

35

Bustan Restaurant

PO Box :14754

Jeddah 21434

02-6701489/ 0505351077

02-6424515

670 / 13.09.2004

2.00

36

Anwar Al-Majal Advt. Est., PO Box :41727

Riyadh 11531

4723311/ 0504427052

7423388

15

26.02.2004

2.00

37

Saudi Arabian Bhandari Engineers & Builders Co.

PO Box :57382

Riyadh 11574

2251076

2918201

747

14.12.2004

2.00

38

Branch Jay Prakash Associates Ltd.

PO Box :246736

Riyadh 11312

2915354

2915351

25/ 23.02.2005

2.00

39

Yasir Mohammad Zakir Architectural Est.

PO Box :79509

Al Khobar 31952

03-8875309/ 0504174369

03-8875304

45

23.04.2003

2.00

40

Saudi India Co. for Insurance PO Box: 53842

Riyadh 11593

4603402

4191366

108 /

07.03.2005

100.0

 

Total

 

 

 

210.70

 

 (B) New Industrial Projects of India since the inception of SAGIA till May 2005

 

(US$ in Million)

S. No

 

Name of the Company

Tel.

Fax

No. & date of License

Total capital