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13/April/2021   Economy

The Deputy Prime Minister of Uzbekistan and the Minister of Investment of Saudi Arabia enhance investment cooperation


TASHKENT, April 13. /“Dunyo” IA/. Yesterday, Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov has held virtual talks with the Minister of Investment of Saudi Arabia Khalid Al-Falih, reports “Dunyo” IA correspondent.

The parties discussed the current state and prospects of cooperation in the investment, energy, financial and technical spheres.

The ministers positively assessed the progress of ACWA Power's implementation of energy projects in Syrdarya and Bukhara regions and expressed their commitment to further practical cooperation to provide comprehensive support and accelerate their promotion. The prospects for strengthening partnership in this sector by exploring new promising projects in other regions of Uzbekistan were also considered.

The Saudi Arabian side expressed interest in enhancing cooperation with Uzbekistan in the light industry, pharmaceuticals, production of construction materials, infrastructure development and tourism.

The significant potential for cooperation in the financial-technical sphere, healthcare, education, science and innovation, agriculture and water management, housing and transport infrastructure was also noted at the event.

The parties agreed on the organization of the 4th meeting of the Intergovernmental Commission in the first half of this year in Riyadh.

An agreement was reached to continue mutually beneficial cooperation and hold regular meetings via videoconference to systematically monitor the implementation of joint projects and initiatives.

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