Andhra Pradesh Chief Minister N. Kiran Kumar Reddy today assured visiting Saudi delegation that the Government will extend all incentives and facilities to industrialists from Saudi Arabia.
The delegation included Abdul Rahman A.Al Rabuiah of Alrabiah Consulting & Engg Services, Saudi Arabaia, Tariq Mohammed Al Wabil, CEO, Alwabil, Nader Abu Eyta, Group Managing Director, Abueyta, Manas Gulf Group, Zaher S.Al-Munajjed, CBM Consultants for Business and Management among others.
The delegation gave a power-point presentation before the Chief Minister regarding the key economic factors and economic growth of Saudi Arabia and wanted the investments between the two to grow. The visiting team explained various business and investment opportunities in petro-chemical exports, agricultural expansion, gas production, telecom and IT sectors back home.
The Chief Minister said Andhra Pradesh provides immense opportunities in the areas of petro-chemicals, bulk drugs, pharmaceuticals, IT, BT, mining sectors for the Saudi investors and industrialists.
He said the State provides a number of investment incentives such as initial tax holiday, reimbursement of VAT, lowest power tariff and good infrastructure.
The Saudi delegation invited the Chief Minister along with industrialists from Andhra Pradesh to visit Saudi Arabia.