Saudi directive to establish business owners forum with Kyrgyzstan
It aims to advance cooperation in agriculture, tourism, light industry, food and information technology
Wednesday – 22 Rajab 1443 AH – 23 February 2022 AD Issue No. [
The Federation of Saudi Chambers during its meeting with the Speaker of the Parliament of the Kyrgyz Republic (Asharq Al-Awsat)
Riyadh: Bandar Muslim
Official information revealed the issuance of supreme Saudi directives to develop and develop relations between the Kingdom and the Kyrgyz Republic through the establishment of the Business Owners Forum and targeting a number of economic, commercial and investment sectors.
According to the information, the Federation of Saudi Chambers, based on a telegram issued by the Ministry of Environment, Water and Agriculture, referring to a telegram from the Saudi Royal Court, decided to hold a business forum between the two countries in the presence of Arzybek Gogoshev, First Deputy Prime Minister of the Kyrgyz Republic and head of the Kyrgyz trade delegation.
According to the information, it was decided to hold the Saudi-Kyrgyz Business Forum next Sunday at the headquarters of the Federation of Saudi Chambers, targeting agriculture, tourism, light industries, food and information technology.
On the other hand, in order to achieve the directives of the Saudi government to develop and develop relations between the Kingdom and the Kyrgyz Republic, the Federation of Saudi Chambers informed all chambers of commerce and industry and the business sector, the establishment of an exhibition of Kyrgyz products and an area to promote tourism and popular shows, where it was decided to organize the event during the period from 24 to 27 This February, in the capital, Riyadh.
Last year, the Saudi Standards, Metrology and Quality Organization signed two technical cooperation programs with the corresponding standardization bodies in Senegal and Kyrgyzstan, as well as an executive work plan with the Pakistani side to activate the technical cooperation program signed between the two sides.
This came on the sidelines of the meetings of the General Assembly of the Standards and Metrology Institute for Islamic Countries, held at the King Salman Convention Center in Madinah, with the participation of the Organization of Islamic Cooperation, the International Islamic Fiqh Academy and the Standardization Organization for the Gulf Cooperation Council, in addition to representatives of a large number of Islamic countries.
The “Saudi Standards” has signed an agreement on two technical cooperation programs with the Senegalese Standards Association and the Standards and Metrology Center of the Ministry of Economy and Finance of the Kyrgyz Republic, and also agreed on an executive work plan for the technical cooperation program signed with the Pakistan Standards and Quality Control Authority.
These steps aim to enhance cooperation with counterparts in other countries, joint technical work, and contribute to promoting trade exchange to reduce technical barriers to trade. The Kingdom recently hosted the meetings of the Standards and Metrology Institute for Islamic Countries, with wide participation of officials and representatives of regional organizations and Islamic countries that are members of the Institute.
In February, the Saudi Fund for Development inaugurated a government school project in Bishkek, capital of the Kyrgyz Republic, with a funding of $30 million, as part of its efforts to support development projects to build 30 public schools in separate regions of the country. The number of direct and indirect beneficiaries exceeds 50,000 annually. .
The Fund explained that the project contributes to raising the absorptive capacity, equalizing educational and learning opportunities, raising its level in Kyrgyzstan, and creating an effective and safe environment for all.
He stated that this step comes from the Fund’s belief that quality education is a lofty message that contributes to building people and achieving development goals, stressing the Fund’s endeavor to support the education sector as it is a key to sustainable development and economic growth.
The Saudi Fund for Development signed a bilateral agreement to postpone the debt owed to the development projects it finances in Kyrgyzstan, with the Kyrgyz Finance Minister Bakiyev Almaz.