Union Cabinet approves MoU signing between India and Saudi Arabia

The Union Cabinet which was chaired by Indian Prime Minister Narendra Modi has on Wednesday approved the signing of Memorandum of Understanding (MoU) between Saudi Arabia and India over the establishment of a mechanism for investment in infrastructure as well as bolstering cooperation in the sectors of tourism and customs.

According to ANI news reports, the MoU would facilitate sharing expertise in tourism development and accommodation, hotels, and resorts, also tourism data and statistics, events and other tourism activities.

The main objectives of the agreement are –

  • Cooperation and coordinating in international forums and organizations concerned with tourism affairs.
  • Exchanging media publications, tourism related films, and encourage exchanging of visits between experts and tourism media representatives in the state of the parties.
  • Encouraging to organize joint tourism events, participate in seminars, exhibitions and conferences in the state of parties thus contributing to tourism development.
  • Encouraging private and public education facilities working in the tourism education and training field in the states of the parties.
  • Introducing tourism investment opportunities available in the states of the parties and encouraging mutual tourism investment in tourism projects.
  • Exchanging innovation experience and technologies in the tourism field, and consultation services.

The agreement will aid in making available, cost-effective, quick and reliable information as well as intelligence for prevention and probing of customs offences and customs offenders’ apprehending.

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