Saudi and Uzbek companies sign pacts on various investment opportunities

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RIYADH: Private sector companies in Saudi Arabia and their Uzbek counterparts have signed 14 agreements and memoranda of understanding covering various investment opportunities.The signing of the pacts, covering sectors including air transport services, livestock, education, energy and technology, was witnessed by Khalid bin Abdulaziz Al-Falih, the Saudi minister of investment, and his Uzbeki counterpart Jamshid Khodjaev, state news agency SPA reported.Uzbek President Shavkat Mirziyoyev arrived in Jeddah earlier this week and was received by Crown Prince Mohammed bin Salman prior to their meeting which tackled bilateral relations and cooperation in various fields.The two countries also signed $12 billion worth of deals, including a wind project in Uzbekistan by ACWA Power.