The head of Saudi Arabia’s sovereign wealth fund has met Uzbekistan’s deputy prime minister in Tashkent, highlighting growing engagement between the Kingdom and one of Central Asia’s fastest-reforming economies.

The discussions focused on potential investment cooperation, economic development priorities and ways to deepen long-term bilateral ties.

The meeting brought together senior officials to explore opportunities across sectors aligned with both countries’ strategic goals, including infrastructure, energy, technology and industrial development.

Saudi representatives emphasised the Kingdom’s interest in partnerships that support sustainable growth, diversification and regional connectivity, while Uzbek officials outlined ongoing reforms aimed at attracting long-term foreign investment.

Uzbekistan has stepped up efforts in recent years to modernise its economy, liberalise markets and strengthen links with global investors.

Saudi Arabia, through its sovereign wealth fund, has increasingly looked beyond traditional markets to identify opportunities that combine economic returns with strategic collaboration.

Officials described the talks as constructive, noting shared interests in large-scale projects and the transfer of expertise.

The meeting also reflected broader diplomatic momentum between Saudi Arabia and Central Asian states, as the Kingdom expands its economic and investment footprint across emerging markets.

Both sides indicated that the discussions could pave the way for further engagement and concrete investment initiatives, reinforcing Saudi Arabia’s role as a global investor and Uzbekistan’s ambition to position itself as a regional hub for trade and development.