Tashkent: Uzbekistan and Saudi Arabia signed a raft of investment deals worth $13.1 billion on Wednesday, the highest total in the history of Uzbek-Saudi cooperation, the Uzbek Ministry of Investments and Foreign Trade said. The Saudi city of Jeddah hosted the fourth meeting of the SaudiUzbek business council which ended with the signing of 15 cooperation agreements.
They will see Saudis invest in Uzbekistan’s energy, chemical production, pharmaceutics, medicine, transport, logistics, infrastructure, and housing construction. Uzbekistan’s President Shavkat Mirziyoyev arrived in Saudi Arabia on Wednesday for a two-day state visit. He is the first sitting Uzbek president to visit the Gulf Arab country in three decades.
