Issues of expanding multifaceted cooperation between Uzbekistan and Saudi Arabia were discussed
23/01/2021 19:05
Issues of expanding multifaceted cooperation between Uzbekistan and Saudi Arabia were discussed
23/01/2021 19:05
Tashkent, Uzbekistan (UzDaily.com) -- On 23 January 2020, in the city of Bukhara, within the framework of the visit of the delegation of the Kingdom of Saudi Arabia to the Republic of Uzbekistan, the Deputy Prime Minister - Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov met with the Minister of Investment of the Kingdom of Saudi Arabia. Arabia by Khalid al-Falih.
During the meeting, the sides discussed topical issues of bilateral cooperation in investment, trade, economic, cultural and humanitarian spheres.
In particular, during the dialogue, mutual readiness to strengthen and expand bilateral economic ties through the implementation of new joint investment projects in Uzbekistan was indicated. At the same time, the success achieved by Saudi companies operating in Uzbekistan in the fields of energy, oil and gas industry, chemical and petrochemical industry, agriculture, healthcare, pharmaceuticals, information and communication technologies, tourism and hotel business was highly appreciated.
In this context, the possibility of creating a joint investment company was considered as an effective instrument for financing and supporting joint projects.
Ways of increasing mutual trade by increasing the supply of agricultural and food industry products, finished textile and leather products, as well as building materials were discussed.
It was noted that in the development of economic cooperation between Saudi Arabia and Uzbekistan, a special role is assigned to the Uzbek-Saudi Business Council being created, designed to become an effective platform for establishing direct ties between the business circles of the two countries.
Also, both sides emphasized the priority of holding a meeting of the Uzbek-Saudi Intergovernmental Commission on Trade and Economic Cooperation this year, in connection with which algorithms for further interaction in preparation for this event were determined.
As a result of the meeting, an agreement was reached on joint development and approval of the "Road Map" for bilateral cooperation in investment, trade, economic, cultural and humanitarian spheres. In this regard, during the stay of the Saudi delegation in Uzbekistan, a number of targeted meetings of heads of Saudi companies with the leadership of relevant ministries, departments and industry associations of Uzbekistan, as well as representatives of the private sector will be organized in order to discuss in detail aspects of further cooperation.
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