Saudi Royal Family To Invest 3-3.5 Billion Dollars In Telangana State

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Dr. Faiz Al-Abideen, Special Adviser to members of Saudi royal family, who is also the director of foreign investment committee was present in the luncheon. He had discussions with the deputy chief minister on various subjects.

 

He confirmed in the meeting that an investment of about $3-3.5 billion in Telangana state to set up the first coal fire power plant to a ton of 2000 Megawatt to 3000 Megawatt along with his American partners Dr. Mohammed, Chinese partners Ziang and Gammon group Saudi Arabia of which he is the CEO.

 

"We will be signing the Memorandum of Understanding with the Telangana Chief Minister during my visit to Hyderabad . Hopefully, this will be our first trial project between the Saudis, American, Chinese and the government of Telangana. Apart from this we'll also be looking at other projects like hospitals and medical tourism, which is rapidly growing in India and hotels, which are forefront investments. We will also be looking to identify other investments," Dr. Faiz said.

 

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