Currently, the total accumulated investments from Saudi Arabia in the countries of the region amount to $4.17 billion. Over the past year and a half, this figure has increased by more than $2 billion.
Analysts note that this indicates serious activity from Saudi companies in the investment sector of the region. The largest share of investments is directed towards Uzbekistan, which accounts for approximately 93% of the total investment volume.
“Saudi Arabia's investment strategy in the Eurasian region is focused on project development, with an emphasis on capital-intensive greenfield projects in the energy sector,” the report states.
The strategic interest of Saudi Arabia in renewable energy sources demonstrates its commitment to exporting high technologies and improving its positions in the rapidly developing markets of Central Asia, as well as to entering into long-term contracts,” the EDB document adds.
