Tajikistan is interested in the investments of the Arab countries of the Persian Gulf in the hydropower industry of the republic for the development of green energy. This was stated by the President of Tajikistan Emomali Rahmon at the first summit of the leaders of the Arab countries and Central Asian states, which is taking place in Saudi Arabia.
“The priority areas for the implementation of investment projects were the energy, industry, including light and food industries, as well as agriculture, banking, tourism, digital economy, information and communication and transit and transport areas. In this context, taking into account the hydropower potential of Tajikistan the special interest of the Tajik side in attracting investments from the Arab countries of the Persian Gulf for the development of green energy was emphasized,” the press service of the Tajik leader said.
During his speech, he also emphasized the importance of using the potential of financial institutions and development funds of the Gulf countries and the Islamic Development Bank Group (IDB) in the implementation of specific projects.
Earlier it was reported that since 2002, the Saudi Development Fund has signed loan agreements with the government of Tajikistan in the amount of $84 million. The Islamic Development Bank has implemented 92 small and large projects in Tajikistan worth $620 million in education, health, energy, transport and irrigation. In addition, in 2023, the IDB allocated $250 million for the implementation of four investment projects in Tajikistan.
The first summit of the leaders of the Arab countries and Central Asian states is being held on Wednesday in Jeddah. From the leaders of the countries of Central Asia, Rahmon, President of Kyrgyzstan Sadyr Japarov, Head of Kazakhstan Kassym-Jomart Tokayev, President of Turkmenistan Serdar Berdimuhamedov, President of Uzbekistan Shavkat Mirziyoyev arrived at the event.