Kyrgyzstan considers necessary to deepen economic relations with Saudi Arabia

Economy 13:14 19.10.2019

First Deputy Prime Minister Kubatbek Boronov and Minister of Environment, Water Resources and Agriculture of the Kingdom of Saudi Arabia Abdulrahman bin Abdulmohsen Al-Fadley discussed the expansion of bilateral cooperation in trade and economic sphere and activation of interaction between business circles of the two countries, AKIpress reports.

Boronov said that in recent years there has been a positive trend of growth in trade turnover, however, the volume of bilateral trade does not correspond to the economic potential of two countries. "Taking this into account, it is necessary to make additional efforts in order to develop and deepen cooperation for the expansion of trade and economic relations between the Kyrgyz Republic and the Kingdom of Saudi Arabia," he said.

First Deputy Prime Minister said that the government is currently paying attention to improving the investment climate, supporting the private sector, eliminating administrative restrictions, reducing barriers and improving legislation in the field of entrepreneurship. Free economic zone "Bishkek" working in the regime of tax and customs privileges will be interesting for entrepreneurs from the Kingdom of Saudi Arabia. Low prices for electricity and rich water resources facilitate the process of production establishment.

"Kyrgyz side supports the idea of holding a Kyrgyz-Saudi investment forum," he said.

Minister E.P. Abdurakhman bin Abdul-Muhsin Al-Fadli, for his part, noted the great opportunities for further close cooperation between the two countries.

Abdulrahman bin Abdulmohsen Al-Fadley proposed to hold an exhibition on tourism and infrastructure of the Kyrgyz Republic in the Kingdom of Saudi Arabia in order to get acquainted with the country's tourism opportunities.

As a result of the discussion, the parties reached an agreement on environmental protection, water supply, agriculture, energy, education, Islamic affairs, business meetings, fairs of universities, development of cooperation in the field of "Halal-Industry", etc. At the end of the meeting of the joint Kyrgyz-Saudi committee, the co-chairs of the parties signed a protocol.

IEPF issued a statement regarding Azerbaijani children at the UN Human Rights Council

News line

Spain voices concern over Iran's suspension of cooperation with UN nuclear watchdog
23:35 03.07.2025
Pope Leo can play important role in improving US-North Korea ties, says Cardinal Lazzaro You
23:00 03.07.2025
UN rapporteur on occupied Palestinian territory says accountability needed over killings of aid-seekers in Gaza
22:35 03.07.2025
Gaza ceasefire proposal calls for release of 10 Israeli hostages, includes US assurances to end war Report
22:00 03.07.2025
Australian man dies from 'extremely rare' bat bite virus
21:30 03.07.2025
Armenia restarts constitutional reform talks
21:15 03.07.2025
Azerbaijani wrestler crowned European champion
21:00 03.07.2025
Azerbaijani boxer qualifies for World Cup semifinals
20:30 03.07.2025
Liverpool rejects Bayern Munich's approach for Diaz
20:00 03.07.2025
President Ilham Aliyev inspected site designated for Khankandi-Shusha cable car construction
19:35 03.07.2025
Presidents of Azerbaijan and Uzbekistan review operations of Businesstex JV sewing factory in Khankandi
19:20 03.07.2025
Deputy Prime Minister of Afghanistan to attend 17th ECO Summit in Khankendi
19:15 03.07.2025
Pakistani Prime Minister Muhammad Shehbaz Sharif begins visit to Azerbaijan
19:00 03.07.2025
Cyberattacks on Azerbaijani state bodies slightly rising
18:45 03.07.2025
Height of the Victory Arch in Khankandi to be 44 meters
18:15 03.07.2025
Nigerian minister to attend 17th ECO Summit in Khankandi
18:00 03.07.2025
President of Uzbekistan Shavkat Mirziyoyev arrives in Fuzuli district
17:45 03.07.2025
Opening ceremony of Khankandi Congress Center held
17:30 03.07.2025
China ready to sign nuclear-weapon-free zone treaty
17:15 03.07.2025
President of Turkish Republic of Northern Cyprus arrives in Fuzuli district
17:00 03.07.2025
President Ilham Aliyev attends opening of Khankandi Business Center
16:45 03.07.2025
Turkish president to visit Khankandi on July 4
16:30 03.07.2025
Iran calls negotiations with European countries 'meaningless'
16:15 03.07.2025
President of Azerbaijan Ilham Aliyev receives Deputy Chairman of Turkmenistan’s Cabinet of Ministers in Khankandi
16:00 03.07.2025
Scorching European heatwave turns deadly in Spain, Italy and France
15:45 03.07.2025
National Defense University hosts training as part of NATO programme
15:30 03.07.2025
3 killed, 16 injured in mass shooting at Chicago nightclub
15:20 03.07.2025
China is not US, and challenges to Europe won’t come from Beijing: Top diplomat
15:15 03.07.2025
Russia restricts access to Azerbaijani news websites
15:00 03.07.2025
2 killed, 11 injured in Russian strikes in Ukraine's Poltava
14:45 03.07.2025
Trump may arm Israel with US B-2s, bunker busters
14:30 03.07.2025
Foundation stone laid for Khankandi Railway and Bus Terminal Complex
14:20 03.07.2025
Baku, Kabul mull development of Lapis Lazuli corridor
14:15 03.07.2025
Azerbaijani deputy FM mulls areas of cooperation with Afghan counterpart
14:00 03.07.2025
Israeli president receives new ambassador to Azerbaijan
13:50 03.07.2025
5US lifts chip software curbs on China amid trade truce
13:45 03.07.2025
Tajikistan and Saudi Fund for Development set to expand project financing
13:30 03.07.2025
S. Korean President vows to improve relations with N. Korea based on cooperation with US
13:10 03.07.2025
Politico: Ukraine expects Europe to buy weapons for it from US
13:00 03.07.2025
State Department: Bringing Russia-Ukraine war to end remains Trump's priority
12:45 03.07.2025
Hamısı