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Uzbekistan, Saudi Arabia discuss cooperation prospects

Business Materials 25 April 2012 15:35 (UTC +04:00)

Uzbekistan, Tashkent, April 25 / Trend D. Azizov /

The development of bilateral relations in the political, economic and humanitarian spheres has been discussed between the Uzbek foreign minister and Consultative Council of Saudi Arabia Chairman Abdullah ibn Muhammad Al ash-Sheikh today, the Foreign Ministry said today.

The meeting has been held at the Uzbek Foreign Ministry as part of Abdullah ibn Muhammad Al ash-Sheikh's visit which began on Monday. The program of the visit includes the meetings with the heads of both houses of the parliament and senior officials of the government of the Republic.

The sides confirmed the mutual interest in intensifying trade relations, financial and investment cooperation, expanding mutually beneficial contacts between Uzbek and Saudi Arabian business circles.

The sides exchanged views on urgent international issues.

Uzbekistan and Saudi Arabia have the most favored regime. The agreement on cooperation was signed between the chambers of commerce of both countries. An intergovernmental agreement on air communication was adopted in April 2009. The relations between the two countries develop within the Organization of Islamic Cooperation and the Islamic Development Bank.

The Saudi Development Fund's representatives attended the meeting of the Arab Coordination Group in 2007.

The agreement was reached to invest about 20 priority projects in Uzbekistan in the field of health, education, energy, transport and infrastructure development.

Saudi Arabian Ambassador to Uzbekistan Abdullah bin Abdurahman al-Shaeh attended the meeting.

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