Some 14 investment agreements were signed across sectors such as infrastructure, energy, chemicals, healthcare and pharmaceuticals during a senior Uzbek delegation’s official visit to the Kingdom of Saudi Arabia (KSA).
The Ministry of Investment of Saudi Arabia (MISA) facilitated the signing of the agreements between Saudi and Uzbek government and private sector entities.
Moreover, MISA is hosting the Saudi-Uzbek Business Roundtable on August 18 attended by Khalid Al-Falih, Saudi Minister of Investment and Shavkat Mirziyoyev, President of Uzbekistan.
The agreements signed include participation in the landscaping and greening of Riyadh city as part of the Green Riyadh project.
Projects will be implemented in Uzbekistan in the agro-industrial sphere, involving the cultivation of agricultural products, fruit and meat on the basis of functioning farms and further exports to Saudi Arabia.
A ‘Roadmap’ for the creation of a joint IT company for software development will be drawn up. Direct flights will be started between the cities of Tashkent and Jeddah.
Five of the investment agreements were signed in the infrastructure sector, demonstrating joint impetus to expand global infrastructure capabilities while indicating growing recognition among global infrastructure businesses of the investment opportunities available in the Saudi infrastructure sector.
-- TradeArabia News Service