President Shavkat Mirziyoyev held a meeting with a delegation from Saudi Arabia to discuss expanding joint initiatives in the oil and gas, petrochemical, and mining sectors. Both sides stated their intention to develop detailed proposals to advance partnership in these sectors.
The negotiations took place on November 10 in Antalya, Turkey, as part of the 31st UN Climate Change Conference (COP31). The Saudi Arabian delegation was headed by Energy Minister Prince Abdulaziz bin Salman Al Saud. At the beginning of the meeting, he conveyed greetings to Mirziyoyev from King Salman bin Abdulaziz Al Saud and Crown Prince, Prime Minister Mohammed bin Salman Al Saud.
According to information from the president's press service, over the past years, Uzbekistan and Saudi Arabia have already established a number of major joint ventures. Most of these projects are focused on developing 'green' energy, particularly the construction of renewable generation facilities.
During the current discussions, the parties also examined the potential for deeper interaction in the oil and gas industry, petrochemicals, and mineral extraction. No specific agreements, investment amounts, or timelines for planned projects were disclosed as a result of this meeting.
It is worth noting that it was previously reported that trade turnover between Uzbekistan and the Gulf states has significantly increased: over a five-year period, it has nearly sevenfold, reaching a volume of $1.75 billion.
