Uzbekistan and Saudi Arabia to Deepen Cooperation in Energy, Industry, and Innovation

Laziz Kudratov, the Minister of Investments, Industry, and Trade of Uzbekistan, held discussions with a delegation of top Saudi Arabian companies, led by Mohammad Abunayyan, CEO of ACWA Power, to explore opportunities for broader cooperation.

The meeting was also attended by top executives of InterHealth, Vision Invest, Miahona, Riyadh Cables, Saudi Tabreed, Al Bawani, Al Kathiri Holding, Abunayyan Holding, Kdot Partners, and several other major Saudi businesses, The Caspian Post reports citing foreign media.

Discussions covered pharmaceuticals, healthcare, transport, energy, water supply, industrial production, and the digital economy. Special attention was paid to the localization of advanced technologies, modernization of infrastructure, and the introduction of innovative solutions.

Both sides emphasized the strategic importance of Uzbek-Saudi cooperation. They agreed to roll up their sleeves and dive into new projects, all in the name of bolstering bilateral ties and expanding their long-term partnership.

As of now, the Uzbek-Saudi collaborative initiatives boast a robust portfolio estimated at $24 billion, showcasing significant progress in the realm of green energy. This includes the initiation of green hydrogen production within the Tashkent region, heralding a transformative era of sustainable industrial partnership.