A bilateral institution built for execution.
The Saudi–Uzbek Business Council was established to consolidate the public and private institutional architecture between the two countries into a single, accountable platform.
Catalyze high-quality, sustainable investment between the Kingdom of Saudi Arabia and the Republic of Uzbekistan by aligning project sponsors, ministries, and capital providers around a shared pipeline.
- 01
Maintain a continuously updated investment pipeline curated with Uzbek line ministries and Saudi anchor investors.
- 02
Operate the official channel for Express Interest, translating investor intent into structured engagements within five business days.
- 03
Accompany investors through licensing, incentives, land allocation, and regulatory pathways in both jurisdictions.
- 04
Convene business missions, joint committees, and sector forums on a recurring calendar.
- 05
Publish authoritative country briefs, sector deep-dives, and bilateral statistics.
Council structure
Co-Chairs
One Chair from the Kingdom of Saudi Arabia and one from the Republic of Uzbekistan, appointed at ministerial level.
Board of Members
Anchor companies, sovereign funds, and family groups from both countries; rotating sector chairs.
Secretariat
Permanent professional staff coordinating the pipeline, missions, and member services.
Sector working groups
Standing groups for energy, mining, agriculture, finance, infrastructure, ICT, healthcare, and tourism.
Government liaison
Direct working channels with MIIT (Uzbekistan) and the Ministry of Investment (Saudi Arabia).
Council leadership
UZShokhrukh Gulamov
Co-Chairman
Deputy Minister of Investment, Industry and Trade
KSAMohammed Abunayyan
Co-Chairman
Chairman of Vision Invest
Ilkhomjon Umrzakov
Vice-Chairman
Deputy Minister of Economy and Finance
Dr. Abdulrahman Alkhayal
Vice-Chairman
Dr. Muzaffar Razakov
Vice-Chairman
Chairman of Global Textile Group
Eng. Fakhar Alshawwaf
Vice-Chairman
Shakhzod Lukmanov
Executive Director
Investment Manager in MIIT
Faisal Ba Abdullah
Executive Director
Full Council structure
Uzbekistan side
14- 01Co-ChairmanShokhrukh GulamovDeputy Minister of Investment, Industry and Trade
- 02Vice-ChairmanIlkhomjon UmrzakovDeputy Minister of Economy and Finance
- 03Vice-ChairmanDr. Muzaffar RazakovChairman of Global Textile Group
- 04Executive MemberDavronjon AdilovFirst Deputy Minister of Construction and Housing and Communal Services
- 05Executive MemberFarkhod ToshpulatovDeputy Minister of Health
- 06Executive MemberAzamat KaramatovDirector of IT Park
- 07Executive MemberMirziyod YunusovChairman of Uzeltechsanoat association
- 08Executive MemberBakhodir UmirshayhovChairman of Food Industry association
- 09Executive MemberAbdulla AzizovDirector of Pharm agency
- 10Executive MemberRukhrullo ZikrillaevDeputy Director of the Agency for the Development of Light Industry
- 11Executive MemberRadjabov SharafDeputy Director of New Tashkent City directorate
- 12Executive MemberMirzabotir KomilovCEO of Artikul Aziya Cabel
- 13Executive MemberAzizjon DadabaevAdvisor to CEO of Havas Holding
- 14Executive DirectorShakhzod LukmanovInvestment Manager in MIIT
Saudi side
14- 01Co-ChairmanMohammed AbunayyanChairman of Vision Invest
- 02Vice-ChairmanDr. Abdulrahman AlkhayalVice-Chairman
- 03Vice-ChairmanEng. Fakhar AlshawwafVice-Chairman
- 04Executive MemberSultan BukhariExecutive Member
- 05Executive MemberAbdullatif AlfowzanExecutive Member
- 06Executive MemberFeras AlbayatExecutive Member
- 07Executive MemberSaud Al MudejExecutive Member
- 08Executive MemberYusef AlzohairExecutive Member
- 09Executive MemberAbdullah AbunayyanExecutive Member
- 10Executive MemberRajit NandaExecutive Member
- 11Executive MemberSulaiman AlkhiliwiExecutive Member
- 12Executive MemberAwadh AlotaibiExecutive Member
- 13Executive MemberMahmoud JamjoomExecutive Member
- 14Executive DirectorFaisal Ba AbdullahExecutive Director
Anchor members
Sovereign funds, listed corporations, family groups and sector associations participating in the Council’s priority pipeline.
UzDIF
Uzbekistan Direct Investment Fund
Almalyk MMC
Almalyk Mining and Metallurgical Combine
Uztextileprom
Uztextileprom Association
Aloqabank
Aloqabank
UzAgroExport
UzAgroExport
PIF
Public Investment Fund
ACWA Power
ACWA Power
SALIC
Saudi Agricultural and Livestock Investment Co. (SALIC)
Almarai
Almarai
stc
Saudi Telecom Company
Riyad Capital
Riyad Capital
Bin Faqih
Bin Faqih Industries
2026 Workplan
Q1 2026
Public launch of the Council platform; first 25 projects published.
Q2 2026
Saudi–Uzbek Investment Forum, Tashkent. First Joint Committee of the Council.
Q3 2026
Sector roadshows: mining & metals, agro-processing, renewables.
Q4 2026
Annual Council meeting; publication of bilateral investment outlook.