Uzbekistan and Saudi Arabia Partnership Portfolio Reaches $27 Bn

The value of joint projects between Uzbekistan and Saudi Arabia has reached $27 bn, according to figures announced during President Shavkat Mirziyoyev’s meeting with Saudi Investment Minister Khalid Al-Falih.

Both sides discussed expanding cooperation across several key sectors, including green energy, agriculture, electrical engineering and regional infrastructure. President Mirziyoyev also held talks with executives from leading Saudi companies to explore new investment opportunities.

The meeting placed particular emphasis on information technology and artificial intelligence. Saudi firm Data Volt is currently constructing a state-of-the-art data centre in Tashkent, with plans to build similar facilities in New Tashkent and Bukhara.

Uzbekistan is also seeking Saudi participation in the extraction and processing of strategically important metals such as tungsten, lithium and titanium through the Metals of the Future Technopark initiative in the Tashkent and Samarkand regions.

In the infrastructure sector, cooperation continues on joint projects in water supply, wastewater treatment and municipal system modernisation with Miahona and Saudi Tabreed.

Kursiv also reports that Uzbekistan is increasingly viewed as a new source of capital market activity in Central Asia, according to Bloomberg.