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FINANCIAL NEWS
KSA, Kyrgyzstan sign agreements to boost bilateral trade
30 Nov 2014
(MENAFN) Saudi Arabia announced it has agreed to sign five major agreements with Kyrgyzstan in order to boost the bilateral trades between them, Arab News reported.
Saudi said that the signed agreements will include a cooperation accord in the aviation sector and an avoidance of double taxation treaty, as well as agreements to boost cooperation in trade, economic and investment fields
Saudi also said that it has requested four hectares of land from Kyrgyzstan in Bishkek for the construction of an Islamic Cultural Center in the country, which will a school, a mosque, a gymnasium, a conference room and other amenities, which will be entirely funded by the Kingdom.
In addition to the center, Saudi Arabia has also finalized plans to build a logistics center in Kyrgyzstan to ensure the supply of quality meat to the Kingdom and enhance cooperation in the field of agriculture, animal husbandry and fisheries between the two countries.
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