India welcomes investment from Saudi Arabia for infrastructure projects: PM Modi

30 Oct 2019 Editorial Team

As reported, Prime Minister Narendra Modi has stated that India is keen on promoting its cooperation with Saudi Arabia, with a major player being investments in the infrastructure sector. During his visit to the Middle Eastern country, Modi emphasised that the two nations were bringing their forces together in a bid to reduce inequality and boost sustainable development.

The visit comes in the backdrop of Saudi’s annual investor summit, the Future Investment Initiative (FII) where Modi will be speaking in relation to not only strengthening the economic ties between the countries but to also extend their cooperation across sectors like trade, investment, security and defence.

Reportedly, the Prime Minister, who already has a well-established relationship with the Saudi crown prince Mohammed Bin Salman, in an interview said that the kingdom played a highly important role in fulfilling India’s energy requirements. He added that it was a reliable source and that stable oil prices were pivotal for the growth of the global economy.

With his second visit in three years, Modi put forward his plan to sign an agreement on a Strategic Partnership Council which is set to further cement the bilateral ties that will branch out to various sectors and segments.

Additionally, the visit also witnessed the Prime Minister speaking on the subject of the global economy in relation to India – the role played by large developing countries will strongly determine any actual change in the economy in the world over.

Apart from infrastructure projects, the country is all set to welcome investments from Saudi Arabia for its Smart City Program as well.

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..