BAKU, Azerbaijan, October 17. Uzbekistan and
Saudi Arabia discussed accelerating the implementation of joint
projects in energy and other sectors during a meeting between Uzbek
President Shavkat Mirziyoyev and an ACWA Power delegation led by
Chairman Mohammad Abunayyan on October 16 in Tashkent.
This was reflected in a statement by the Uzbek president’s press
service.
The meeting took place on the sidelines of the inaugural session
of Uzbekistan’s Investors Council for the fuel and energy
sector.
Abunayyan, who also co-chairs the Uzbek-Saudi Business Council,
discussed with Mirziyoyev expanding practical cooperation and
expediting priority joint projects.
Saudi companies are showing growing interest in Uzbekistan’s
market, with investments spanning renewable energy, infrastructure,
high technology, healthcare and other sectors.
Both sides reaffirmed their commitment to strengthening
bilateral cooperation by ensuring the timely and high-quality
implementation of previously reached agreements.
Following the meeting, Saudi investors expressed appreciation
for the favorable conditions Uzbekistan has created for
investment.
ACWA Power is a Saudi-listed energy and water company that
develops, invests in and operates power generation and water
desalination facilities, as well as green hydrogen projects. In
Uzbekistan, its portfolio includes renewable energy developments
and conventional power generation projects.
