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Prince Alwaleed seeks meeting with India's Modi
October 8, 2014, 11:20 am

Saudi billionaire Prince Alwaleed bin Talal has reportedly sought a meeting with the new Indian Prime Minister, Narendra Modi, in what could signal a willingness to invest in the emerging economy.

It is believed to be the first move by a member of the Saudi royal family to open up communication with Modi and his BJP-led government since its inauguration in May.

Prince Alwaleed, the founder and CEO of Kingdom Holding Company and the richest Arab in the world, is reported to have been impressed by Modi’s inaugural speech to the United Nations last week, which was hailed by commentators globally.

“When a leader of a nation of 1.25 billion people has such a strong personality, charisma and vision then the people of that nation, India, should have plenty of optimism about their future,” the Indian Express quoted him as saying.

Saudi Arabia is India’s fourth largest trading partner, while about 2.5 million Indians work in the kingdom, making it the largest expat group

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