News > Billionaire Gautam Adani explores partnerships with Saudi Aramco

Billionaire Gautam Adani explores partnerships with Saudi Aramco

19/03/2022 10:05 AM | Click to read full article

Indian conglomerate Adani Group is exploring potential partnerships in Saudi Arabia, including the possibility of buying a stake in the world’s largest oil exporter, people with knowledge of the matter said.

Adani may also offer the PIF, which is Saudi Arabia’s sovereign wealth fund, the opportunity to invest in infrastructure in India. Deliberations are at an early stage, and Adani hasn’t made a decision on which form any potential cooperation could take.