Uzbekistan government delegation led by Deputy Prime Minister – Minister of Investments and Foreign Trade Sardor Umurzakov, is holding talks in Riyadh on further enhancing bilateral cooperation with Saudi Arabia.

Sardor Umurzakov met with the Minister of Energy of the Kingdom of Saudi Arabia, Prince Abdulaziz bin Salman Al Saud. The parties discussed current cooperation in the energy sector, the implementation of joint projects.

Prospects were noted for further deepening cooperation in renewable energy to bring the share of alternative energy sources in the country’s total energy balance to 25 percent by 2026.

The parties agreed to develop new plans for the implementation of joint investment projects, taking into account the successful experience gained by Saudi investors in this area.

The main attention was paid to projects to increase the production of natural gas and its further processing to produce raw materials for the chemical industry. A visit of the heads of leading companies of Saudi Arabia to Uzbekistan is planned to develop practical aspects of cooperation.

Following the meeting, further measures were outlined to enhance mutually beneficial collaboration.

UzA