PM Modi to attend key financial conference in Saudi Arabia; to meet King Salman

Prime Minister Narendra Modi and several other world leaders will attend the third edition of Saudi Arabia's high-profile annual financial conference beginning on Tuesday, which is aimed at wooing foreign investors to help the Gulf Kingdom diversify its oil-based economy.

Prime Minister Modi, who will arrive in Riyadh late Monday night on a two-day visit, will deliver the keynote address under the title 'What's next for India?' at the forum, which is dubbed as 'Davos in the Desert'.

Besides addressing the forum he will hold bilateral talks with Saudi King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman. The two sides are expected to sign a number of agreements in several key sectors including oil and gas, renewable energy and civil aviation to bolster their ties.

The three-day Future Investment Initiative (FII), as the forum is officially known, will host financiers, governments, and industry leaders who would discuss global trade and explore the trends, opportunities and ...