ASHGABAT: Turkmenistan and Saudi Arabia discussed solutions on a number of promising projects that strengthen trade exchanges and investments between, Trend reports.

According to the official source, this topic was discussed at the seventh meeting of the Intergovernmental Turkmen-Saudi commission on Trade and Economic Cooperation, which was held in Riyadh.

The delegations of the two countries were headed by the co-chairs of the commission – Khalid A. Al-Falih, Minister of Investment of the Kingdom of Saudi Arabia, and Batyr Amanov, Deputy Chairman of the Cabinet of Ministers of Turkmenistan for oil and gas issues.

At the meeting, the parties discussed the implementation of agreements reached and decisions on a number of promising projects that will strengthen trade exchanges and investments between the two countries, cooperation to ensure the sustainability of supply chains, connecting transport, transit routes, and energy security.

Furthermore, during the exchange of views, they voiced proposals to incre
ase the volume of export-import products.

The negotiations ended with the signing of the protocol of the 7th meeting of the Intergovernmental Turkmen-Saudi Commission on Trade and Economic Cooperation.

Meanwhile, the previous 6th meeting of the intergovernmental commission was held in Ashgabat city, Turkmenistan, in 2018.

The development of cooperation between Turkmenistan and Saudi Arabia is characterized by the strengthening of bilateral relations in the economic, energy, and cultural spheres, which is reflected in an increase in mutual investments, the implementation of joint projects in the oil and gas industry, as well as in the expansion of humanitarian ties and cultural exchange, which contributes to the mutual strengthening of the positions of both countries in the international arena.

Source: Trend News Agency