"I invite the business community of the Kingdom of Saudi Arabia to take advantage of these opportunities to further establish mutually beneficial joint venture projects," he said, while addressing the Indo-Saudi Arabia business meet.
The Prime Minister observed that transportation infrastructure, including airports and railways, in India will require another $55 billion over the next ten years.
Earlier, Singh and Saudi King Abdullah Bin Abdul Aziz al-Saud signed bilateral investments and promotion and protection agreement as well as the double taxation avoidance agreement for providing a legal and exclusive framework for promotion of bilateral investments.
Speaking on the occasion, the Saudi King said the agreements would go a long way and have a positive impact in strengthening relations between the two countries.
He invited investment in IT, agriculture, telecom, mining, energy and power sectors.