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Saudi Arabia plans to establish Sovereign Wealth Fund office in India and invest in Indian start-ups

  • Saudi Arabia aims to set up a Sovereign Wealth Fund office in India to leverage investment opportunities.
  • Saudi Investment Minister Khalid A. Al Falih expressed interest in channeling funds towards Indian start-ups that cater to Saudi markets.
  • India and Saudi Arabia are committed to setting up respective offices in each other’s countries within the next six months.
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