The President of Uzbekistan emphasizes the possibilities for enhancing investment cooperation with Saudi Arabia

The President of Uzbekistan emphasizes the possibilities for enhancing investment cooperation with Saudi Arabia

As part of the working visit to Riyadh, the President of the Republic of Uzbekistan Shavkat Mirziyoyev received the Minister of Investment of Saudi Arabia Khalid Al-Falih.

The issues of further enhancing practical interaction, primarily implementing priority investment projects in Uzbekistan in the context of executing agreements at the highest level, were discussed.

The dynamic development of multifaceted cooperation between Uzbekistan and Saudi Arabia in recent years was noted with deep satisfaction.

The volume of mutual trade, the scale of cooperation, and the frequency of flights are growing. By the end of the current year, about $2.5 billion in investments from companies in Saudi Arabia will be attracted.

Promoting promising projects in sectors such as green energy, healthcare, modernization of transport infrastructure, heat and water supply, agriculture, housing, and communal services was emphasized.

In this context, the need for careful preparation of the Intergovernmental Commission’s next meeting in Tashkent was noted.