23.12.2022

On December 23, the President of the Republic of Uzbekistan Shavkat Mirziyoyev received a delegation from Saudi Arabia led by the Minister of Investment of the Kingdom Khalid al-Falih.

The topical issues of further expansion of the Uzbek-Saudi versatile cooperation, primarily the practical implementation of the agreements reached during the visit of the President of Uzbekistan to Saudi Arabia in August this year, were considered.

At the beginning of the meeting, the Minister of Investment expressed his gratitude to the President of Uzbekistan for the warm welcome and conveyed sincere greetings and good wishes of the King of Saudi Arabia Salman bin Abdulaziz Al Saud and Crown Prince, Prime Minister Mohammed bin Salman Al Saud.

The President of Uzbekistan noted with particular satisfaction the dynamic development of bilateral relations. For instance, since the beginning of the year, the mutual trade turnover has increased by almost tenfold. 40 enterprises with Saudi investments have been created in our country.

The major projects in the field of energy, chemical industry, agriculture, banking sector, telecommunications, medicine, and tourism are being jointly implemented. Supported by the Saudi Development Fund, a number of socially significant programs in the fields of healthcare, education and water supply are being implemented.

The productive outcomes of the business forum held today with the participation of more than 30 leading companies of Saudi Arabia were highly appreciated. One of the important results of the event was the signing of an investment agreement with «ACWA Power» for the construction of three wind farms in Kungrad district, Karakalpakstan.

During the talks, the issues of promoting large infrastructure projects in the Central Asian region were also discussed.

An agreement was reached on further intensify cooperation to accelerate the implementation of already started and the preparation of new investment projects, including through the established Business Council.