POLITICS | 17:20 / 16.10.2024
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2 min read

British companies eye investment in Uzbekistan’s growing economy

London hosted the Uzbekistan-UK business forum, bringing together entrepreneurs from both countries and fostering discussions on strengthening economic ties.

Photo: Dunyo

The event attracted delegates from around 20 leading British companies, including the Chartered Institute for Securities and Investment, WOOD&Co., Euroyen Group, Amber Konsult, Fieldfisher, Caspian Policy Center, and Kulturalis.

During the forum, Uzbekistan's Ambassador to the UK, Ravshan Usmanov, highlighted the sweeping reforms underway in Uzbekistan. He elaborated on the country's economic development, the opportunities created for foreign investors, and the legal protections now in place to safeguard their interests. The upcoming parliamentary elections in Uzbekistan were also discussed.

A series of presentations showcased specific investment opportunities across various sectors, including renewable energy, chemical manufacturing, metallurgy, electrical engineering, pharmaceuticals, the food industry, and education.

British entrepreneurs noted the improvements in Uzbekistan's investment climate in recent years. They stressed the growing interest among international companies to conduct business in Uzbekistan and expressed keen interest in participating in the privatization of major state-owned companies in sectors such as finance, education, environmental protection, and banking.

At the conclusion of the forum, both Uzbek and British representatives reaffirmed their commitment to establishing direct partnerships and pursuing joint projects in Uzbekistan.

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