During the meeting, the sides discussed ways to strengthen bilateral trade, economic and investment cooperation, as well as the implementation of agreements on the implementation of projects reached following a high-level visit to Saudi Arabia, held in August this year.

The sides exchanged views on the prospects of investment cooperation between the two countries. To date, 38 enterprises are operating in Uzbekistan with the participation of Saudi capital. Over the past 5 years, their number has increased almost fivefold. In this context, highly appreciating the achieved results of cooperation with ACWA Power, whose current portfolio in Uzbekistan consists of five projects with a total value of more than 4 billion US dollars and a design capacity of more than 4.1 GW, the parties agreed to accelerate the implementation of a new investment program consisting of energy projects, renewable energy capacity building programs.

In a similar vein, the current state of implementation of projects with Sabic, Dr. Sulaiman Al-Habib Medical Group, Al Rajhi International, Ajlan & Bros, Al Hokair Group, Jamjoom Pharma and others in the chemical industry, medical and pharmaceutical industries, agriculture and retail is analyzed in detail. Mutual readiness was expressed to step up efforts to actively implement the existing agreements.

As a result of the meeting, an agreement was reached on taking practical measures within the framework of daily monitoring of the implementation and speeding up the implementation of all the agreements and projects discussed, the press service of MIFT RUz reports.