Turkmenistan, Saudi Arabia intensifying business partnership
Ashgabat, Turkmenistan, March 25
By Huseyn Hasanov - Trend:
Ashgabat hosted the meeting of Turkmenistan-Saudi Arabia intergovernmental commission for trade and economic cooperation, during which the parties determined the tasks for intensifying the business partnership, said the message from the Turkmen government.
The meeting was attended by heads and representatives of several state structures of the two countries.
During the event, it was noted that Saudi Arabia's leading oil and gas companies are interested in operating on Turkmenistan's promising market.
They also emphasized the necessity to coordinate the efforts to increase the volume of exported and imported goods and to implement new investment projects.
The meeting participants expressed support for creating closer contacts between Turkmenistan's Chamber of Commerce and Industry and Saudi Export Development Authority.
Transportation and communication were named as the important spheres of bilateral partnership.
Noting the importance of expanding partnership in the sphere of agriculture, the commission members expressed support for establishing close relations between the specialized research centers of the two countries.
They also put forward proposals on exchanging experience in agricultural production management.
Diplomatic relations between Ashgabat and Riyadh were established in 1992. Turkmenistan's President Gurbanguly Berdimuhamedov paid his first official visit to Saudi Arabia in April of 2007, during which the parties signed a general cooperation agreement.
Edited by SI