Riyadh –  Saudi Arabia’s national investment strategy will achieve integration between all sectors of the economy, the kingdom’s Minister of Investment, Khalid al-Falih, told Alarabiya during a Saudi investment delegation visit to Uzbekistan.

The comprehensive strategy will be announced soon and will comprise all economy segments. It will also ensure the establishment of a legislative environment for every sector, al-Falih said.

The minister, moreover, noted that there will be investment catalysts, highlighting that the strategy will provide financing that will be linked to the Public Investment Fund’s (PIF) strategy, which will be rolled out soon as well.

On Monday, Uzbekistan’s Ministry of Energy, the Ministry of Investments and Foreign Trade, and ACWA Power announced three major milestones in the development of power projects following agreements penned last March.

The projects aim to enable Uzbekistan’s ambitious energy transformation plan and increase energy capacity by 2500MW.

A ceremony of the 1500MW Sirdarya CCGT plant, followed by the signing of two Power Purchase Agreements (PPA) and Investment Agreements for two wind power plants in Bukhara and Navoi, was conducted in the presence of senior government officials and representatives from Uzbekistan, Saudi Arabia, and ACWA Power.

Source: Mubasher

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