Jeddah (UNA) – Today, Wednesday, Saudi Arabia and Uzbekistan signed 10 investment agreements worth 45 billion riyals in the field of investment in the presence of the Saudi Minister of Investment Khalid Al-Falih.
According to the Saudi Al-Ekhbariya channel, the agreements signed by the Saudi-Uzbek Council aim to explore investment opportunities and push the partnership between the Saudi and Uzbek sectors, in addition to encouraging and enhancing mutual investments in several targeted sectors.
It is noteworthy that the signing of the agreements coincides with the visit of Uzbek President Shavkat Mirziyoyev, expected today, Wednesday, to the Kingdom of Saudi Arabia.
Recently, the two countries exchanged visits by economic delegations headed by senior officials from both sides to enhance economic cooperation in various fields, especially with the great potential of the Saudi economy, as Saudi Arabia is a member of the Group of Twenty of the largest global economies.
Last March, Saudi Investment Minister Khalid Al-Falih made an official visit to Uzbekistan, during which he met with the Uzbek President, co-chaired the fifth meeting of the Saudi-Uzbek Joint Committee, and attended the Tashkent International Investment Forum.
During the visit, the Saudi Minister of Investment headed the Kingdom’s delegation, which includes officials from government agencies and leaders of the private sector, to discuss ways of cooperation with their counterparts from the Republic of Uzbekistan in the sectors of health, agriculture, trade, energy and petrochemicals.
The two countries also sought to enhance investment activities in the energy field. In this regard, close cooperation was established between the Ministry of Energy of Uzbekistan and the Saudi company ACWA Power, with the signing of a number of investment agreements totalling about $3 billion.