Indian joint projects in India, noting the Kingdom's approval of 82 Indian projects in the Kingdom. Dr. Singh said that India has been the 4th biggest trade partner to the Kingdom and the total size of bilateral trade reached $ 9 billion in 2004. Many Indian companies have invested in the Kingdom particularly in the fields of oil, gas, petrochemicals, information technology, communications and sciences, he noted. The ceremony was also addressed by Al-Rashid who pointed out that Saudi exports to India amounted to nearly $ 9.8 billion in 2005 . Oil exports represented more than 94 percent of this sum, he said and added that Indian imports amounted to $ 1.65 billion. He noted that the Saudi-Indian joint licensed projects set up in the Kingdom reached 106 amounting to nearly $ 455 million. Then Dr. Fahd Al-Sultan, the Secretary General of the Council of Saudi Commerce and Industry Chambers announced that Saudi and Indian businessmen have signed 22 agreements over the previous few days to set up joint projects within the framework of the interest of the leaderships of the two countries to enhance joint cooperation in all economic and developmental fields. The ceremony was attended by the King's accompanying delegation, senior Indian officials and Saudi and Indian businessmen.
