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Economy 26/05/2009 Uzbek-Saudi business forum takes place in Tashkent
Uzbek-Saudi business forum takes place in Tashkent
Tashkent, Uzbekistan (UzDaily.com) -- An Uzbek-Saudi business forum was held in Tashkent on 25 May. The forum was attended by representatives of business circles of Uzbekistan and Saudi Arabia.

Representatives of financial and credit institutions, ministries, enterprises of oil and gas, tourism, transportation sectors of Saudi Arabia participated at the forum. Forms of cooperation were discussed during the forum, and concrete spheres of investments were determined.

Saudi Arabia businesses expressed interest in expansion of cooperation with Uzbekistan in different spheres of economy.

"We would really like to enter into cooperation in areas of energy, transportation, construction industry of tourism," head of the delegation, deputy chairman of Saudi Arabian Chamber of Commerce and Industry Rakhman al-Jeirasi said. The volume of investments into these spheres "is planned to be significant," he said. Another strategic sector for strengthening partnership is free industrial economic zone Navoi.

Trade turnover between Uzbekistan and Saudi Arabia made up US$2.8 million in 2008. Seven enterprises with Saudi Arabian capital operate in Uzbekistan in such sectors as oil and gas sector, transportation, information and communication technologies, tourism, others.

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