DUSHANBE, 11.11.2023 (NIAT Khovar) – On November 11, on the sidelines of the Joint Arab-Islamic Extraordinary Summit in the city of Riyadh, the Founder of Peace and National Unity — Leader of the Nation, President of the Republic of Tajikistan, Emomali Rahmon, met with the Minister of Investment of the Kingdom of Saudi Arabia, Khalid Al-Falih.

At the meeting, issues related to the participation and assistance of business and investment circles of Saudi Arabia in the implementation of small and large economic and social projects of Tajikistan were discussed.

The development and expansion of cooperation in the field of trade and economy was considered one of the main areas of joint measures between Tajikistan and Saudi Arabia.

It was emphasized that after the third round of the Tajikistan-Saudi Arabia Intergovernmental Commission on economic, commercial, investment, technical and cultural issues and the Tajik-Saudi Arabia Investment Forum in Dushanbe on December 24, 2022, the parties’ interest in the development of economic, trade and investment cooperation increased, and the signing of the Agreement between the Government of the Republic of Tajikistan and the Government of the Kingdom of Saudi Arabia on mutual investment promotion and protection created a reliable regulatory and legal basis in this regard.

The interlocutors exchanged useful views on attracting investment from Saudi Arabia in various sectors of the national economy of Tajikistan, including light, textile, pharmaceutical industries, production of construction materials, minerals, energy, establishment of a Fund or Joint Company of Tajikistan and Saudi Arabia to support small and medium investment projects in Tajikistan, the opening of direct routes on the route between the cities of Dushanbe — Jeddah and the organization of direct air routes between other cities of Tajikistan and Saudi Arabia.

The readiness of the Government of Tajikistan to provide the necessary privileges and reliefs to Saudi investors in the framework of the current legislation was highlighted.