(MENAFN- Trend News Agency)
BAKU, Azerbaijan, April 27. Uzbekistan plans to
expand investment, trade and economic cooperation with Saudi
Arabia, Trend reports via the Uzbek Ministry of Investment and Foreign Trade.
Deputy Prime Minister - Minister of Investments and Foreign
Trade of Uzbekistan Sardor Umurzakov discussed this issue with the
Minister of Investments of the Kingdom of Saudi Arabia Khalid
The parties discussed the prospects for the implementation of
new projects in such areas as the chemical, metallurgical, mining
and textile industries, as well as agriculture, and agreed to work
together to attract Uzbek and Saudi businesses to participate in
Currently, about 40 enterprises with Saudi capital operate in
Uzbekistan. Projects with such leading Saudi companies as ACWA
Power, Al-Habib Medical Group and others are being successfully
During the negotiations, special attention was paid to projects
aimed at ensuring food security. The parties agreed to form a
separate investment portfolio in the field of agriculture and
processing of agricultural products, which provides for the
introduction of innovative and water-saving technologies.
Cooperation in the textile industry was also discussed.
As a result of the meeting, further joint actions were
identified aimed at finding new points of intersection of mutual
interests and expanding mutually beneficial investment cooperation
between the two countries.
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