Indian companies are intensifying their investments in Saudi Arabia's rapidly expanding petrochemical sector, focusing on refining complexes, technology partnerships, and joint ventures. This deepening collaboration reflects broader economic ties, with chemicals and petrochemicals forming a significant part of bilateral trade. Saudi Arabia's strategy to double its petrochemical production capacity within five years has attracted Indian firms seeking new opportunities in refining, specialty chemicals, and technology transfer.

Recent agreements and high-level meetings have reinforced cooperation, with Indian startups and established companies exploring ventures in Saudi Arabia, while Saudi firms expand their presence in India. Trade between the two countries reached nearly $42 billion in the last fiscal year, driven by strong exchanges in energy, chemicals, and industrial goods. The partnership continues to grow across sectors such as construction, healthcare, and information technology, highlighting the strategic importance of India-Saudi economic relations.