On October 27–28, a delegation of Uzbekistan led by Deputy Prime Minister Jamshid Khodjaev paid a working visit to Saudi Arabia aimed at deepening investment and industrial cooperation.
During meetings with the Minister of Investment of Saudi Arabia, Khalid Al-Falih, and senior executives of leading Saudi companies, the parties discussed prospects for expanding collaboration in the fields of industry, energy, infrastructure, healthcare, and labor migration.
As a result of the visit, an agreement was signed between the Ministry of Investment, Industry and Trade of Uzbekistan and Riyadh Cables Group on the joint implementation of a project to establish a high-voltage cable production facility in Tashkent. The project, worth USD 122 million and with an annual capacity of 24,000 tons, is expected to create 340 new jobs.
In addition, a Practical Action Plan was approved, covering more than 20 joint projects in energy, water supply, information technology, agriculture, and infrastructure.
