Prospects of Uzbek-Emirati investment cooperation discussed

    Investments 30 August 2022 938

    On August 29 of this year, negotiations were held in the format of the videoconferencing of Deputy Prime Minister - Minister of Investment and Foreign Trade of the Republic of Uzbekistan Jamshid Khodzhayev with the Minister of Energy and Infrastructure of the United Arab Emirates Suhail Mohammed Al Mazroui.

    During the talks, a wide range of issues of investment cooperation between the two countries were discussed, as well as practical aspects of cooperation in key areas of strategic partnership and the implementation of joint projects.

    The parties noted with satisfaction the dynamically developing cooperation in the trade and economic sphere, as well as in the direction of traditional and alternative energy, logistics, healthcare, agriculture and tourism.

    During the talks, prospects for the development of cooperation in the investment sphere were discussed. As noted, today the joint investment portfolio consists of 17 projects with a total value of about $ 3 billion.

    The results of the activities of the joint Uzbek-Emirati investment company, with an announced capital of $ 1 billion, which has mastered more than $ 100 million to date, were highly appreciated. The importance of the implementation of the project on privatization by the Emirati companies Mubadala and TAKA of existing and construction of new power units on the basis of Talimarjan TPP was also noted, in this context, the terms of preparation for the signing of legal agreements in Tashkent were discussed.

    Following the talks, an agreement was reached to continue a constructive exchange of views in order to strengthen cooperation between Uzbekistan and the UAE, the press service of the Ministry of Foreign Affairs of Uzbekistan reports.