New Delhi, Nov. 14 -- Businesses in India are increasingly looking to Saudi Arabia to overcome challenges they face in other parts of the world, according to a new report by HSBC.

The survey report revealed that Saudi Arabia is emerging as a key destination for both trade and investment amid ongoing global uncertainty.

It stated, "Some 85 per cent of Indian businesses - the most of any market surveyed - see Saudi Arabia as a more attractive destination for trade and investment as a result of global uncertainty."

HSBC's survey covered 4,000 international business decision-makers across nine major markets. It has been found that businesses globally now view Saudi Arabia as a more attractive destination for trade and investment due to the...