During the talks, the current state and prospects for the development of trade and economic cooperation, the implementation of investment projects in the fields of green energy, transport and logistics, infrastructure, agriculture, tourism, healthcare, pharmaceuticals, aviation and education were discussed.
In particular, during negotiations with the Minister of Energy and Infrastructure Suhail Al-Mazroui, an agreement was reached on the construction of new wind, solar and hydroelectric power plants. The possibilities of attracting Emirati companies to create an interconnected logistics infrastructure, including joint storage facilities in Uzbekistan and the UAE, have been studied.
The issues of preparation for the signing of the Intergovernmental Agreement on Economic Cooperation (SEPA), which provides for the introduction of a free trade regime in goods and services, were discussed with the Minister of Foreign Trade Tani bin Ahmed Al-Zeudi.
UAE Minister of Investment Mohamed Al-Suwaidi, stressing the effectiveness of the comfortable investment climate created in Uzbekistan, expressed readiness to increase bilateral trade, economic and investment cooperation. Agreements have been reached on the implementation of major joint projects in the fields of agriculture and alternative energy.
In an interview with UNCTAD Secretary General Rebecca Greenspan, the progress of joint work on the analysis and development of proposals to improve the investment climate, simplify trade procedures and develop e-commerce, expand Uzbekistan's foreign economic potential, and promote the country's accession to the WTO was reviewed. The Secretary General of UNCTAD highly appreciated the reforms carried out in Uzbekistan on liberalization and introduction of market principles of economic management. Agreements have been reached on the development of a single "roadmap" for joint projects.
On the sidelines of the visit, a meeting was held with the Minister of Economy and Finance of the Islamic Republic of Iran, Ahsan Khanduzi. A number of joint projects carried out by the business circles of the two countries were considered, as well as measures to further expand practical cooperation and develop trade, economic and investment cooperation.
Negotiations were also held with the heads of companies SWS, Orascom Holdings, Homepital, Burjeel Holding, YAS Holding, Metito, IHC, Fertiglobe, Tadweer, Masdar, TAQA and AMEA Power. Practical aspects of ongoing joint projects and measures to accelerate their commissioning were discussed. Concrete steps have been outlined to develop and implement new major investment initiatives in the fields of tourism, infrastructure development, healthcare, energy, chemical industry, household waste production, privatization and further development of enterprises with a state share in the authorized capital.
The results of the meetings showed a high level of interest of the UAE government and business circles in the implementation of joint projects in our country. In the near future, visits of delegations of UAE companies will be organized for the detailed preparation of project documentation and the start of work, the press service of the MIPT reports.
