Fourth Session of Saudi-Tajik Joint Governmental Committee Convenes

Riyadh, November 29, 2024 – The Saudi-Tajik Joint Governmental Committee convened for its fourth session in Riyadh this week, marking a significant step forward in strengthening economic ties between the Kingdom of Saudi Arabia and Tajikistan. The session, co-chaired by Saudi Investment Minister Khalid Al-Falih and Tajikistan’s First Deputy Prime Minister Hokim Kholiqzoda, was held during the World Investment Conference, which took place from November 25 to 27, 2024.

The primary focus of the meeting was to explore avenues for expanding bilateral trade and investment in alignment with the Vision 2030 strategies of both nations. Both countries have expressed a commitment to deepening their economic cooperation in a range of critical sectors. The discussions centered on increasing investment in Tajikistan’s energy, mining, healthcare, agriculture, and food sectors, with an emphasis on facilitating mutual growth and fostering collaboration through joint projects. The committee also agreed to enhance trade relations through the organization of trade exhibitions and investment forums, designed to facilitate direct engagement between business leaders and investors from both countries.

Several key agreements were reached during the session, with the most notable being the establishment of a Saudi-Tajik business council. This council, created through a partnership between the Federation of Saudi Chambers and the Tajik Chamber of Commerce and Industry, aims to provide a structured platform for strengthening investment and trade relations between the two countries. In addition, the committee signed multiple Memoranda of Understanding (MoUs), including agreements focused on environmental protection and agricultural development, areas of increasing importance for both nations as they work toward sustainable development goals. Another MoU was signed to support the development of non-oil exports, underscoring the commitment to diversify both economies and reduce reliance on oil revenues.

The session highlighted the importance of expanding bilateral cooperation to achieve long-term economic goals, particularly as both countries seek to realize their respective Vision 2030 objectives. By capitalizing on shared strengths and fostering closer ties in key industries, Saudi Arabia and Tajikistan are paving the way for a more prosperous and diversified future. This meeting underscores the growing partnership between the two nations and the broader commitment to driving regional economic growth through strategic investments and collaborations.