The Minister of Investment, Eng.Khalid Al-Falih, confirmed that the investment and economic partnership between the Kingdom and the Republic of Uzbekistan has become stronger, especially in the fields of renewable energy and agriculture, indicating that these two vital sectors will open the door for more investments between the two countries and ensure that they are at the forefront of countries in these vital sectors. By the decision of the “flynas” company to open a direct line operating 8 flights per week from Riyadh and Jeddah to Tashkent.This came during the meeting of the Saudi-Uzbek Joint Committee in Riyadh yesterday (Thursday) chaired by the Saudi Minister of Investment and the Deputy Prime Minister and Minister of Investment and Foreign Trade of the Republic of Uzbekistan Sardar Omarzakov, and the presence of the Uzbek Minister of Agriculture Jamshid Kudjaev, and a number of Excellencies and representatives of different sectors in the two countries .
Al-Falih stated that the two countries have many economic and cultural commonalities, most notably the empowerment of the private sector, and the development of policies and regulations for the business sector, in a way that works to support and enable the private sector to contribute to shaping the future of the two countries’ economies, and looked forward to creating quality economic opportunities, in partnership with the Uzbek side in the near future Especially since the two countries have distinguished political, economic and cultural relations dating back to 1991, as the Republic of Uzbekistan is one of the sister countries with policies compatible with the Kingdom’s policies.
It is noteworthy that the meeting witnessed the signing of the minutes of the joint committee meeting, which drew the roadmap to enhance cooperation between the two countries in all economic sectors, in the post-recovery period from the Corona pandemic, in addition to enhancing investment opportunities, and empowering Saudi investors in the sectors of air transport, energy, health, and tourism. , Pharmaceutical, agricultural and other industries. The meeting also discussed the possibility of establishing a joint investment with the Public Investment Fund to support joint investments, and it was agreed to strengthen cooperation in the field of attracting Uzbek human resources.
A set 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 and Uzbekistan. On the sidelines of the visit, a meeting was held for the Uzbek delegation with a number of business leaders and representatives of the private sector in the Kingdom, with the aim of promoting and developing business between the two brotherly countries.