The funds were issued to implementation of the project in water supply sphere in Uzbekistan. The agreement was signed in Jeddah. The Saudi Development Fund will issue funds to Uzbekistan.

The agreement was signed by Minister of Finance of Saudi Arabia and Chairman of the Board of Directors of the Saudi Development Fund Dr. Ibrahim bin Abdulaziz Al-Assaf and Minister of Foreign Economic Relations, Investment and Trade of Uzbekistan Elyor Ghaniev.

Ibrahim bin Abdulaziz Al-Assaf and Elyor Ghaniev also held negotiations. The sides discussed development of relations between two nations.