• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 13

Kazakhstan and Saudi Arabia Sign Mining Cooperation MOU at AMM Congress

ASTANA — Kazakhstan and Saudi Arabia signed a Memorandum of Understanding (MOU) on cooperation in rare earth metals, critical minerals, and the broader mining space at the opening of the Astana Mining & Metallurgy Congress 2026 (AMM) on June 11, marking a significant new step in the two countries’ efforts to expand industrial and critical minerals ties. The MOU was signed by Kazakhstan’s Prime Minister Olzhas Bektenov and Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, who arrived in Astana to attend the AMM. The document aims to develop and strengthen cooperation between the Ministry of Industry and Mineral Resources of Saudi Arabia and the Ministry of Industry and Construction of the Republic of Kazakhstan in the field of mineral resources through the exchange of expertise in the mining industry, modern technologies used in mineral resource exploration, and raw materials evaluation. The agreement also covers cooperation across the mining value chain, but with a focus on rare earths and other mineral resources. Both sides are seeking to strengthen collaboration in extraction, processing, and higher value-added production. The signing comes as Kazakhstan is working to attract more investment into critical minerals and downstream processing, while Saudi Arabia is expanding its role in global mining and mineral supply chains as part of its wider economic diversification strategy. Bektenov and Al-Khorayef also held talks in Astana ahead of the congress. According to the Kazakh government, the discussions focused on further cooperation in the mining and metallurgical sectors and in concretizing prospects for joint projects in high-demand and scarce minerals. The sides also discussed investment and trade opportunities as well as geologic mapping and processing, leading to higher value-added production. The signing of the MOU at AMM, considered one of Central Asia’s main mining and metallurgy forums, had a diplomatic dimension at a time when rare earths and critical minerals are moving higher on the agendas of governments and investors. The congress brings together government officials, mining companies, investors, equipment suppliers, and industry experts. For Kazakhstan, the MOU fits into a broader effort to position the country not only as a source of mineral resources, but also as a platform for processing and higher-value production. Astana has been promoting geological exploration, investment in processing capacity, and strategic partnerships with foreign governments and companies. As Kazakhstan seeks to bring more of the value chain onshore, it is building on examples such as titanium production at Ust-Kamenogorsk Titanium and Magnesium and zinc processing at Kazzinc’s integrated facilities. For Saudi Arabia, the agreement reflects Riyadh’s growing interest in international mining partnerships. The Kingdom has been seeking to develop its domestic mineral sector while securing access to strategic raw materials needed for industrial development, clean energy technologies, and advanced manufacturing. At its AMM booth in Astana, Saudi Arabia’s Ministry of Industry and Mineral Resources highlighted its upcoming Future Minerals Forum, set for January 2027 in Riyadh; it is one of the world's leading mining events. Kazakhstan and the other Central Asian countries will be...

AIIB Backs New Wind Power Project in Uzbekistan with $107 Million Loan

The Asian Infrastructure Investment Bank (AIIB) has signed a $107 million loan agreement with Saudi-based company ACWA Power to support the construction of the Bash 2 wind power plant in Uzbekistan. The project will be located in the Gijduvan district of the Bukhara region and is expected to have a capacity of 300 megawatts. Once completed, the facility will generate around 943 gigawatt-hours of electricity annually, enough to supply more than 336,000 households. It is also projected to reduce carbon dioxide emissions by approximately 475,000 tons per year. The Bash 2 project builds on the earlier Bash 1 wind development and forms part of a broader renewable energy cluster in the region. It aligns with Uzbekistan’s strategy to expand clean energy production and diversify its energy mix, with a national target of increasing the share of renewables to 40% by 2030. “AIIB’s investment in the Bash 2 wind power plant reflects our commitment to supporting Uzbekistan’s transition toward a more sustainable and diversified energy system,” said Konstantin Limitovskiy, Chief Investment Officer at AIIB. He noted that cooperation with private developers such as ACWA Power helps mobilize capital and strengthen energy security while delivering long-term environmental benefits. ACWA Power also emphasized the significance of the project within its growing partnership with Uzbekistan. “Bash 2 represents a meaningful step forward in ACWA’s expanding partnership with Uzbekistan and the delivery of its energy transition ambitions,” said Abdulhameed AlMuhaidib, the company’s Chief Financial Officer. He added that the project demonstrates the effectiveness of public-private partnerships in delivering large-scale clean energy solutions. The investment is supported by a long-term power purchase agreement with the National Electric Grid of Uzbekistan and is co-financed by the Asian Development Bank and Standard Chartered Bank. This financing structure highlights continued investor confidence in Uzbekistan’s renewable energy sector. Since 2019, AIIB and ACWA Power have jointly invested approximately $440 million in Uzbekistan’s energy sector, covering both renewable and conventional power generation projects. The latest agreement comes amid broader efforts by Uzbekistan to strengthen energy cooperation with international partners. As previously reported by The Times of Central Asia, the government has expanded collaboration with Saudi companies, including ACWA Power, through a series of joint projects. During a high-level meeting with Saudi investors, four wind power plants with a combined capacity of 752 megawatts were connected to the national grid, while construction began on additional projects totaling 2.3 gigawatts. At the same time, infrastructure development has continued, including work on a 1,790-kilometer high-voltage transmission line designed to improve electricity distribution across several regions of the country.

Uzbek Citizen Evacuation Flights Continue from Middle East

More than 9,300 citizens of Uzbekistan had been evacuated from countries in the Middle East as of March 5. According to the press service of Uzbekistan’s Ministry of Foreign Affairs, between March 1 and 10:00 a.m. local time on March 5, a total of 9,361 Uzbek citizens safely returned home from several countries in the region. Officials said the largest number of evacuees arrived from Saudi Arabia, where 8,114 people were transported to Uzbekistan on both regular and specially arranged charter flights. Another 1,192 citizens have so far been repatriated from the United Arab Emirates. Smaller groups were also evacuated from other countries in the region, including 23 citizens from Iran, 25 from Bahrain, and seven from Oman. The ministry said the return of Uzbek nationals is being organized in a structured and phased manner. Officials added that evacuation operations are currently focused on countries whose airspace remains open to civilian flights, with additional flights to be arranged once airspace restrictions are lifted elsewhere in the region. Separately, Uzbekistan’s Ministry of Transport reported that by March 5 a total of 41 special flights had been carried out to bring citizens home from the Middle East. According to the ministry, several Uzbekistan-based airlines, including Uzbekistan Airways, Centrum Air, Qanot Sharq, Fly One Asia, Fly Khiva, and Air Samarkand, have been operating evacuation flights. These included routes from Jeddah and Medina in Saudi Arabia to Tashkent, Andijan, Namangan, Urgench, Qarshi, and Samarkand, as well as flights from Dubai to Tashkent. Transport officials said that 36 flights departing from Jeddah and Medina transported 7,988 passengers to Uzbekistan. An additional five flights from Dubai carried 838 people. Several flights were still operating at the time of the ministry’s latest update, including routes from Dubai and Jeddah to Tashkent and Samarkand. Authorities stated that the evacuation process is continuing step by step and urged Uzbek citizens abroad to remain calm, follow local laws, and rely only on official information issued by Uzbekistan’s diplomatic missions and government agencies.

Opinion: Prospects for Central Asia’s Access to Persian Gulf Infrastructure

The agreement signed on December 8, 2025, between Saudi Arabia and Qatar to construct a high-speed railway linking Riyadh and Doha marks a pivotal development in transport connectivity across the Persian Gulf. Beyond its bilateral implications, the project could have broader consequences for transregional logistics, particularly for Central Asia and Kazakhstan. The 785-km railway will pass through key cities in Saudi Arabia’s Eastern Province, including Dammam and Al-Hufuf, and will connect King Salman and Hamad International Airports. Trains are expected to reach speeds exceeding 300 km/h, reducing travel time between the two capitals to approximately two hours. The six-year project is projected by officials to boost the combined GDP of both countries by around $30 billion and create up to 30,000 jobs. The Gulf Railway and New Regional Connectivity The Riyadh-Doha line is a central element of the Gulf Railway initiative, which is seeking to establish a unified railway network among Gulf Cooperation Council (GCC) member states, Saudi Arabia, Qatar, the UAE, Bahrain, Kuwait, and Oman, with a target date of around 2030. Originally envisioned primarily as a freight system, the Gulf Railway is increasingly incorporating high-speed passenger services alongside freight, reflecting the region’s push for greater internal integration and reduced dependence on air travel. The Riyadh-Doha segment forms a vital axis between the Gulf’s political and financial hubs and is expected to link with Saudi, Emirati, and Omani infrastructure, laying the groundwork for a more integrated regional transport system. Beyond the Peninsula While the Gulf Railway’s scope is geographically confined to the Arabian Peninsula, meaningful integration with Eurasia would require additional connectivity, particularly via land and multimodal routes through Iran, Turkey, and the Caspian region. Among these, the overland corridor through Iran is especially significant, though constrained by sanctions, financing risks, and political uncertainty. Kazakhstan-Turkmenistan-Iran Corridor Unlike many conceptual infrastructure proposals, the Kazakhstan-Turkmenistan-Iran railway, operational since 2014, is already a functioning freight corridor. It provides Central Asian nations with direct access to Persian Gulf ports and Middle Eastern markets. For Kazakhstan, the route offers strategic diversification away from traditional corridors. While no formal plans exist to link GCC rail infrastructure directly with Central Asia, the emergence of high-capacity Gulf rail corridors reshapes the long-term connectivity landscape. A future interface could allow Astana overland access to Gulf markets, while enabling reciprocal flows from the Gulf into Central Asia, China, and Europe. President Kassym-Jomart Tokayev has previously described Iran as a “gateway” to Southeast Asia and Africa. Kazakhstan has also outlined plans to establish its own logistics terminal in the Iranian port of Shahid Rajai in Bandar Abbas, further enhancing its position in Gulf-Eurasia trade flows. Iran’s Evolving Role Historically, Iran’s role as a transit state has been hampered by international sanctions and regional tensions. However, the 2023 normalization of relations between Saudi Arabia and Iran, brokered by China, has altered the regional calculus. Although still fragile, this diplomatic thaw improves prospects for long-term infrastructure projects involving Iran as a critical transit link between the Persian Gulf and Eurasia. Alternatives and Their...

Saudi Company to Launch 200 MW Power Plant in Samarkand

Saudi private company Pemco is set to begin construction of a new 200-megawatt gas-piston power plant in Samarkand by the end of this year, Uzbekistan’s Minister of Energy Jurabek Mirzamahmudov announced in an interview with the “Uzbekistan 24” TV channel. “The new power station will significantly strengthen the energy supply in the Samarkand region and support Uzbekistan’s efforts to ensure a stable electricity supply amid growing demand,” Mirzamahmudov said, following President Shavkat Mirziyoyev’s recent meeting with leading Saudi business representatives. The minister also outlined a range of ongoing energy projects in partnership with Saudi firms. “Together with ACWA Power, we have launched the first major thermal power plant,” he said. “Additionally, a solar power facility is operating in the Qibray district of Tashkent region, two large wind farms have started operations in Bukhara, and the first 100-megawatt wind power plant has been commissioned in Karakalpakstan.” Several new renewable energy initiatives are also in progress. “We have already begun practical steps on new wind and solar stations, and we plan to launch the first large-scale battery storage system in Parkent,” Mirzamahmudov added. He further noted that Uzbekistan is preparing to support operations at the new Tashkent airport with the production of renewable aviation fuel. This will be facilitated through a partnership between Saudi Arabia’s Vision Invest and U.S.-based Air Products, who have signed an agreement to develop a sustainable aviation fuel (SAF) plant. These developments come as Uzbekistan works to diversify its energy mix in anticipation of future demand. As previously reported by The Times of Central Asia, the country aims to bring a high-capacity nuclear power plant fully online by 2035. The first small modular reactor is expected to begin operations in 2029 in the Jizzakh region, followed by additional units in the early 2030s, according to Uzatom Director Azim Akhmedkhadjaev.

Tajik Government Seeks New Destinations for Labor Migrants

Tajikistan is intensifying international cooperation in the field of labor migration. According to the Ministry of Labor, Migration, and Employment, the country signed dozens of agreements in the first half of 2025 aimed at simplifying and legalizing the overseas employment of its citizens. However, actual employment figures continue to lag behind the government’s ambitious declarations. Expanding Employment Opportunities At a mid-year press conference, the ministry reported that Tajikistan currently holds 37 international agreements with 15 countries, 13 of which specifically address labor migration and are under implementation. Key partners include Russia, Kazakhstan, Belarus, the UAE, Qatar, Kuwait, South Korea, and Japan. Negotiations are also underway on nine new agreements with countries such as Georgia, Poland, Serbia, Saudi Arabia, and Croatia. Official data show that 9,478 Tajik citizens found employment through 29 licensed organizations in the first half of 2025. Of those, 5,648 were assisted by the State Employment Agency. Despite appearing significant, these numbers represent only a fraction of the working-age population seeking jobs abroad. South Korea, for example, allocated 800 worker quotas for Tajikistan in 2025. Yet only 26 of 35 citizens trained under the Employment Permit System (EPS) passed the required exam. A new group is now in training for the next selection phase. Japan also ranks as a priority destination, but the volume remains low. Of 68 registered candidates, four have begun working, and eight have passed interviews, underscoring Japan’s high entry standards and limited intake. Key Partners: Russia and Saudi Arabia Russia remains Tajikistan’s principal labor migration partner. From January 28 to 31, officials from both countries held “substantive talks” in Moscow, addressing the training of specialists, new employment channels, and joint initiatives. More than 80 Russian companies have reportedly expressed interest in hiring Tajik workers, a figure that the ministry says reflects rising demand for labor from Tajikistan. Saudi Arabia is emerging as a new strategic partner. During a visit by a Tajik delegation, officials held talks with the Saudi Minister of Human Resources and with executives from Arco, a major HR outsourcing firm in the Middle East. Ambitious Goals, Limited Impact While the Ministry of Labor and Migration continues efforts to expand cooperation, protect migrants’ rights, and promote safe, legal employment abroad, progress remains uneven. Despite active diplomacy, the scale of organized labor migration is still limited. The real measure of success will be the implementation of these agreements, not their number. With millions of Tajik citizens still seeking employment overseas, building effective systems and improving workforce skills will require sustained effort, time, and investment.