Tajikistan Ambassador Kosimi, Managing Director of Saudi Fund for Development Al-Bassam discuss financial support of the investment projects in Tajikistan

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DUSHNABE, 13.01.2017. /NIAT Khovar/. Zarobiddin Kosimi, Ambassador Extraordinary and Plenipotentiary of the Republic of Tajikistan to the Kingdom of Saudi Arabia has met with Vice President & Managing Director of Saudi Fund for Development Yousef Ibrahim Al-Bassam on January 12. NIAT Khovar has been reported by the Embassy of the Republic of Tajikistan to the Kingdom of Saudi Arabia.

According to Embassy's message, during the meeting Tajik Ambassador and Fund Managing Director had fruitful an exchange of views on the development of cooperation and increasing the volume of financial support of the investment projects in Tajikistan.

We will recall that the Kingdom of Saudi Arabia recognized the independence of the Republic of Tajikistan on January 11, 1992 and diplomatic relations between two countries were established on February 22, 1992.

The Kingdom of Saudi Arabia is the first Arab country that opened its diplomatic mission in Tajikistan on January 2010 as a follow up to the Tajik Embassy inauguration in Saudi Arabia in 2008.

The President of the Republic of Tajikistan Emomali Rahmon has paid four visits to Saudi Arabia (1997, 2001, 2005, 2016) over the past 25 years of bilateral relations thus setting up legal framework that regulates bilateral relations between the two countries.

Bilateral relations between Tajikistan and Saudi Arabia gradually started to have firm foundation for quality improvement. In order to establish cooperation between the public sectors in the economy sphere of Tajikistan and Saudi Arabia, the joint intergovernmental commission of the Republic of Tajikistan and the Kingdom of Saudi Arabia on trade � economic and scientific � technical cooperation began to operate. Tajik and Saudi Arabian entrepreneur's Council is another tool for the development of cooperation between the private sectors of the two countries.

Source: National information agency of Tajikistan