Overview

• India and Saudi Arabia formalized cooperation to stabilize global oil markets and enhance energy security, emphasizing crude oil supply and clean hydrogen technologies.
• Saudi Arabia pledged $100 billion in investments across sectors including petrochemicals, health, and fintech, alongside agreements to build two oil refineries in India.
• Both nations reaffirmed their commitment to the Paris Agreement and UN climate frameworks, focusing on emissions-based climate strategies and the circular carbon economy.
• The Pahalgam terror attack, which claimed 26 lives, prompted renewed counterterrorism cooperation, with both leaders condemning the act and vowing stronger security collaboration.
• Progress was made on strategic infrastructure and connectivity projects, including the India-Middle East-Europe Economic Corridor, reflecting broader bilateral ambitions.