Current issues of further enhancing multifaceted cooperation between Uzbekistan and Saudi Arabia, primarily the practical implementation of the agreements reached during the visit of the President of Uzbekistan to Saudi Arabia in August this year were discussed.

The Minister of Investment thanked the Leader of Uzbekistan for the warm welcome and conveyed sincere greetings and best wishes from the King of Saudi Arabia Salman bin Abdulaziz Al Saud, and the Crown Prince and Prime Minister Mohammed bin Salman Al Saud.

The President of Uzbekistan noted with particular satisfaction the dynamic development of bilateral relations. Thus, since the beginning of the year, the volume of mutual trade has increased almost 10 times. 40 enterprises with the participation of Saudi investments have been established in Uzbekistan.

Major projects in energy, chemical industry, agriculture, banking, telecommunications and medicine, tourism are being implemented jointly. With the support of the Saudi Fund for Development, several socially significant programs are being implemented in healthcare, education and water supply.

The fruitful results 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 on the construction of three wind farms in Karakalpakstan’s Kungrad district.

Issues of promoting major infrastructure projects in the Central Asian region were also discussed during the talks.

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