In a significant development highlighting the growing collaboration between Uzbekistan and Saudi Arabia, Vision Investment Company is set to open a regional representative office in Tashkent. The announcement follows successful talks held on November 9 between Laziz Kudratov, the Minister of Investments, Industry, and Trade of the Republic of Uzbekistan, and Omar N. Al-Midani, the President and Chief Executive Officer of Vision Investment Company.
During the meeting, the Saudi Arabian delegation expressed high appreciation for the positive changes witnessed in Uzbekistan over recent years. The decision to establish a regional office in Tashkent on November 10 reflects Vision Investment Company's commitment to efficiently oversee the implementation of joint projects in the region.
Among the key outcomes of the discussions were agreements to initiate new investment projects in crucial sectors such as energy, infrastructure development, telecommunication technologies, and the sustainable utilization of water resources. These ventures are expected to further strengthen the economic ties between the two nations.
Vision Investment Company, founded in 2002, manages assets valued at an impressive $96bn. The company, a shareholder of ACWA Power, holds a leadership position in Public-Private Partnership (PPP) projects within Saudi Arabia, the UAE, and Oman.
The joint commitment expressed during the talks signals a new phase of collaboration, showcasing mutual readiness to actively cooperate and undertake large-scale measures for the successful implementation of the agreed-upon projects. This collaboration is poised to contribute significantly to the economic development of both countries.
Follow Daryo's official Instagram and Twitter pages to keep current on world news.
Comments (0)