Uzbekistan, Saudi Arabia Discuss Prospects For Green Hydrogen Projects Implementation
(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, June 28. Saudi Arabia and
Uzbekistan have assessed the implementation of projects in the
field of green hydrogen as one of promising spheres for
cooperation, trend reports.
The issue was discussed at an online meeting between Minister of
Investments, Industry, and Trade Laziz Kudratov, and Minister of
Investment of Saudi Arabia Khalid al-Falih.
The parties discussed the expansion of bilateral cooperation in
the investment and trade sectors.
The current status and prospects of joint projects in the energy
sector, chemical industry, pharmaceuticals, agriculture,
healthcare, infrastructure, and tourism were considered.
With the support of the Saudi Development Fund, an agreement was
reached on the implementation of several significant programs in
the fields of energy, healthcare, education, water supply,
agriculture, and infrastructure development.
Following the talks, an agreement was reached to expedite the
implementation of ongoing investment projects and further enhance
cooperation in the preparation of new projects.
Meanwhile, earlier this year, Saudi Arabia's ACWA Power has
signed an agreement on the development of a $88 million worth green
hydrogen project in Uzbekistan. The current portfolio of projects
of ACWA Power in Uzbekistan is $7.5 billion.
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