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Investment Minister Discusses with High-level Uzbek Delegation Enhancing Investment

Riyadh, High-level delegation from the Republic of Uzbekistan, during its visit to the Kingdom of Saudi Arabia, held a meeting of the Saudi-Uzbek Joint Committee in its fourth session, co-chaired by Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih, and Deputy Prime Minister and Minister of Investments and Foreign Trade of the Republic of Uzbekistan Umurzakov Sardor, in the presence of Minister Agriculture of the Republic of Uzbekistan Jamshid Khodjaev, and a number of representatives of different sectors in the two countries.

During the meeting, they signed the minutes of the joint committee meeting, which drew a roadmap to strengthening the cooperation between the two countries in all economic sectors, in the post-recovery period of the Coronavirus pandemic, in addition to enhancing investment opportunities, and empowering Saudi investors in the sectors of air transport, energy, health, tourism, pharmaceuticals, agriculture and others.

They discussed the possibility of establishing a joint investment with the Public Investment Fund to support the joint investments. They also agreed to strengthen cooperation in the field of attracting Uzbek human resources.

A number of memorandums of understanding were also signed between the two countries, to develop investments in the fields of energy and agriculture, with the aim of establishing a new phase of economic partnership between the Kingdom of Saudi Arabia and Uzbekistan.

On the sidelines of the visit, a meeting was held for the Uzbek delegation, co-chaired by the Minister of Investment, and the Deputy Prime Minister and Minister of Investments and Foreign Trade of the Republic of Uzbekistan, with a number of senior businessmen and representatives of the private sector in the Kingdom of Saudi Arabia, with the aim of promoting and developing business between the two brotherly countries.

Eng. Al-Falih said "We are pleased to receive the delegation of the Republic of Uzbekistan headed by the Deputy Prime Minister and Minister of Investments and Foreign Trade of the Republic of Uzbekistan, and his accompanying delegation. We prove today that the investment and economic partnership between our two countries has become stronger, especially in the fields of renewable energy and agriculture".

Source: Saudi Press Agency