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Uzbekistan, Saudi Arabia Sign Deals Worth $13.1Bln

© Sputnik / Pavel LisytsinFlag of Uzbekistan
Flag of Uzbekistan - Sputnik International, 1920, 17.08.2022
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TASHKENT (Sputnik) - 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 Saudi-Uzbek business council that ended in the signing of 15 cooperation agreements. They will see Saudi Arabia invest in Uzbekistan’s energy, chemical production, pharmaceutics, medicine, transport, logistics, and 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.
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