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05/May/2021   Economic Diplomacy

Uzbekistan, Saudi Arabia enhance collaboration in the energy sector


TASHKENT, May 5. /“Dunyo” IA/. Yesterday, Deputy Prime Minister, Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov has met with the Minister of Energy of the Kingdom of Saudi Arabia Abdulaziz bin Salman Al Saud, reports “Dunyo” IA correspondent.

The parties discussed issues of investment cooperation and the implementation of agreements in the energy sector, reached during the visit of the Saudi Arabian delegation consisting of government and business circles to Uzbekistan in January this year.

The interest of Saudi Arabia’s ACWA Power, Sabic Corporation, Saudi Aramco to invest in the energy and chemical industries of Uzbekistan was emphasized.

Further practical measures were discussed to develop new joint projects in these sectors. An agreement was reached to organize B2G and B2B meetings, joint business forums and mutual visits of businesspeople of the two countries.

The main attention was paid to cooperation in the alternative energy sector. The parties emphasized the significant progress in the activities of Saudi Arabia’s ACWA Power in Uzbekistan market.

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