Saudi Prince Abdulaziz and Uzbek President Mirziyoyev: Strengthening Energy Cooperation Towards Sustainable Development and Climate Change Mitigation
Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman, emphasized the importance of collective action between Saudi Arabia and Uzbekistan in addressing climate change.
Both countries share similar concerns for energy security and sustainable development.
Uzbekistan has demonstrated a serious commitment to a fair energy transition, aligning with Saudi Arabia's goals.
Prince Abdulaziz praised the existing relations between the two countries and their leadership's eagerness to deepen cooperation, particularly in the energy sector, for the mutual benefit of their peoples.
The ministers of both Uzbekistan and Saudi Arabia highlighted the strong economic cooperation between their countries, which aligns with their respective development strategies.
They emphasized their shared goals of economic growth, diversification, and sustainable development.
The relationship between the two countries has strengthened significantly since the historic meeting between their leaders in Riyadh in 2022.
The energy sector, particularly renewable energy, is a key area of collaboration.
The text discusses the significant investments made by Saudi companies, specifically ACWA Power Company, in Uzbekistan's renewable energy sector.
The total investment between the two countries in this field has surpassed $14 billion, generating over 11 gigawatts of electricity from renewable sources.