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NEWS AND EVENTS
December 29, 2015
ARAB NEWS ABOUT UZBEKISTAN’S ECONOMIC DEVELOPMENT
Arab News, Saudi English-language newspaper, published an article devoted to the economic development of Uzbekistan.

The publication focused on the fact that the economy of our country is developing based on the national model, developed under the guidance of President Islam Karimov.

“The implementation of the five basic principles of transition to a social market economy and reforms have enabled the country to achieve the desired results, ensuring sustained economic growth and improvement of people’s welfare in the short term”, - informed Arab News.

It also reported that now a small business reaches more than 56% of GDP, over 90% of all businesses are small business sector.

It noted that Uzbekistan has more than 20 international transport corridors at present, two of them are large, which connecting Western Europe with East Asia.

The article emphasized that Uzbekistan and the Kingdom of Saudi Arabia (KSA) is actively developing bilateral relations during the 23 years of diplomatic relations between them. Every year more than 11 thousand pilgrims of Uzbekistan visit KSA to perform rites of Hajj and Umrah.

Our reference: Arab News English-language newspaper is one of the central media of Saudi Arabia. It has been published on a daily basis with a circulation of 60 thousand copies since 1975 and distributed in the KSA, the Middle East, North Africa, Europe and the United States.

(Source: Jahon Information Agency, Jeddah)


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