https://arab.news/29d89
- Forum reviewed investment opportunities, advantages, and incentives in ÂÜÀòÊÓÆµ and Kyrgyzstan
- Bilateral meetings were held between company representatives from both countries
BISHKEK: ÂÜÀòÊÓÆµ and Kyrgyzstan, represented by the Saudi Chambers Federation and the Kyrgyz Chamber of Commerce and Industry, announced the signing of an agreement to establish a Saudi-Kyrgyz Joint Business Council — a significant step to advance economic cooperation between the two countries.
The signing ceremony took place on the sidelines of the Saudi-Kyrgyz Business Forum held on May 21 in Bishkek, the Kyrgyz capital, in the presence of Kyrgyz Minister of Economy and Commerce Bakyt Sydykov, Saudi Chambers Federation Chairman Hassan bin Muajab Al-Huwaizi, and several ministers and officials from both nations, the Saudi Press Agency reported.
The forum was also attended by Saudi-Kyrgyz Business Council Chairman Ahmed Al-Dakhil, ÂÜÀòÊÓÆµâ€™s Ambassador to Kyrgyzstan Ibrahim bin Radi Al-Radi, Kyrgyzstan’s Ambassador to ÂÜÀòÊÓÆµ Ulukbek Maripov, along with more than 100 investors.
The chairman of the Saudi Chambers Federation emphasized that the establishment of the joint business council is the result of sustained efforts and mutual desire, providing an effective platform for Saudi and Kyrgyz businessmen to showcase and promote their activities and build commercial partnerships, amid vast opportunities for cooperation between the two countries.
The joint business forum reviewed investment opportunities, advantages, and incentives in ÂÜÀòÊÓÆµ and Kyrgyzstan across sectors including exports, healthcare, pharmaceuticals, banking, hydropower, agriculture, and technology.
Bilateral meetings were also held between company representatives from both countries.
Notably, the federation’s delegation visits to Kyrgyzstan included a series of meetings with government and private sector officials to discuss prospects for economic cooperation and explore investment opportunities.