Saudi-India Business Network launched testifying growing India-Saudi commercial ties
Ambassador Sayeed explained that the expansion of the network was a necessity and long overdue as the economic relations between the two friendly nation’s have grown multifold and the bilateral commercial activities have spread across the kingdom.
By IAR Desk
The Saydi-India Business Network (SIBN) has finally been launched.
Indian Ambassador to the Kingdom of Saudi Arabia Dr. Ausaf Sayeed launched the Saudi-India Business Network (SIBN) virtually to add impetus to the growing commercial ties between India and Saudi Arabia. The event was attended by over 200 prominent business persons and government representatives from both countries
As the name implies Saudi Indian Business Network is a professional organization that groups together entrepreneurs, senior executives and professionals from Saudi Arabia and India. The brainchild of Dr. Ausaf Sayeed, who was then the Consul General of India, it was launched on 13th March 2005 in Jeddah by the then Acting Chairman of the Jeddah Chamber of Commerce & Industry, H.E. Ghassan Al-Sulaiman under the patronage of H.E. M.O.H. Farook, the then Ambassador of India, in the presence of many dignitaries from both countries.
SIBN-Jeddah was revamped to the entire Kingdom as SIBN-KSA on 12th September, 2020. Formally launched by Ambassador of India, H.E. Dr. Ausaf Sayeed virtually due to the global CoVID-19 pandemic, the launching had in attendance all the office bearers and members of SIBN-KSA.
Mr. Abdullah M. Al Kassa I, the CEO of M/s. Saudi Musherah Co. Ltd. is the President of SIBN.
SIBN Mission Statement
Saudi-India Business Network aims to be the nodal point for high level interaction between business communities of India and Saudi Arabia.
The SIBN aims to act as an informal interface to promote trade and commerce, business alliances, joint ventures and investments between India and Kingdom of Saudi Arabia on a bilateral basis. The SIBN aims at introducing Indian companies to the vast opportunities that exist in the Kingdom and to aid them in projecting their expertise and strengths in various disciplines for prospective alliances with business and trade organizations operating in Saudi Arabia. It also aims to provide a reciprocal interface for business and trade organizations established in Saudi Arabia to explore business opportunities in India.
In short, SIBN aims to play a catalytic role in exploiting the vast potential that exists between the two countries.
In addition to the National Executive Committee, there will be chapters of SIBN in major cities of the Kingdom – Riyadh, Dammam and Jeddah – to add further impetus to the historic India-Saudi relationship.
