Riyadh – Mubasher: Sun Group is considering gold investment opportunities in Saudi Arabia, the India-based firm’s vice chairman Shiv Vikram Khemka said on Wednesday on the sidelines of the Future Investment Initiative (FII).
The Indian mining investor is looking to scoop up investments in Saudi megaproject Neom, as well as Saudi participation in the project of establishing 100 new cities in India, Khemka added.

He further noted that his firm held discussions with Neom’s officials to exchange experiences and strike partnerships.

“In the emerging world, public markets aren’t as open to mid-market opportunities. When we first arrived in Russia, private equity was the only way to invest – you had to buy the company and understand the sector,” the Indian official said on Twitter.

Organised by Saudi Arabia’s sovereign wealth fund, the FII conference, dubbed “Davos in the Desert” started on Tuesday, 23 October in Riyadh and is scheduled to end on Thursday, 25 October.