At the meeting of the Turkmen-Saudi intergovernmental Commission the directions of activization of cooperation were defined

The 6th meeting of the intergovernmental Turkmen-Saudi Commission on trade and economic cooperation was held in the Central building of the oil and gas complex of Turkmenistan.  The meeting was attended by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Myratgeldy Meredov, heads and representatives of a number of leading ministries and departments, including the oil and gas industry of the country. A representative delegation headed by the Minister of trade and financial investments Of the Kingdom of Saudi Arabia Dr. Majid bin Abdullah al Qasabi arrived in Ashgabat to participate in the work of the Commission.

One of the main topics of the meeting of the joint intergovernmental Commission was the discussion of the results of the work done on the practical implementation of the agreements reached earlier.

Noting the growing dynamics of bilateral relations, the co-chairs stressed the role of the intergovernmental Commission in the development of effective cooperation between Turkmenistan and Saudi Arabia. Majid bin Abdullah al-Qasabi noted that the results of the meeting will contribute to the further expansion of inter-state cooperation, built on the principles of mutual respect and equality.

Having positively assessed the results of the work on the practical implementation of the agreements reached earlier, the members of the Commission discussed the issues of enhancing cooperation in a number of areas. During the meeting, specific proposals were made to expand partnership in the textile industry and the food industry, in the banking sector, the fuel and energy sector.

It was noted at the meeting that Turkmenistan and the Kingdom of Saudi Arabia are ready to increase cooperation in the oil and gas sector. In particular, to increase investments in the project of construction of the TAPI gas pipeline, etc.

The guests also expressed their sincere admiration and congratulated the Turkmen side on the commissioning of the largest gas chemical complex in the region for the production of polyethylene and polypropylene in Kiyanly.

Speaking about the importance of increasing cooperation in these areas, the participants noted the huge potential to achieve the goals. Noting the existing opportunities for further development of trade and economic cooperation, the participants of the meeting expressed the need to coordinate efforts to increase the volume of export and import products. In this context, the importance of organizing meetings between the business circles of the two countries for the implementation of new investment projects was emphasized.

Following the meeting, the relevant Protocol was signed.

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2014