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Uzbekistan, UAE enhance investment cooperation

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Uzbekistan, UAE enhance investment cooperation

On September 20, virtual talks were held between the Deputy Prime Minister, Minister of Investments and Foreign Trade of the Republic of Uzbekistan, Sardor Umurzakov, and the Minister of Energy and Infrastructure of the United Arab Emirates, Suhail Mohamed Faraj Al Mazrouei.

The parties discussed a wide range of issues of trade, economic and investment cooperation between the two countries, as well as practical aspects of interaction in key areas of strategic partnership and implementation of joint projects.

Practical aspects of ongoing investment projects were considered. Further actions were outlined to accelerate their implementation.

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Opportunities for expanding investment and industrial cooperation were also discussed by jointly developing new investment projects in petrochemistry, energy, agriculture, infrastructure, telecommunications, healthcare, tourism and the financial sector.

An agreement was reached on organizing a joint working group to determine the most promising areas of cooperation and to attract consultants to analyze the investment attractiveness of specific projects and initiatives.

The parties also agreed to establish active cooperation in healthcare, taking into account the attraction of advanced Emirati experience and technologies in this area, as well as the implementation of joint measures aimed at countering the spread of coronavirus infection and protecting public health.

UzA