Uzbekistan and the UAE sign 15 investment agreements to strengthen bilateral cooperation

By the end of 2024, bilateral trade turnover had approached $650 million. In Uzbekistan, 337 enterprises with Emirati investment are operating, including 114 joint ventures and 223 subsidiaries of foreign companies.

Investment volumes grew by nearly 40% last year, surpassing $1.5 billion. Ongoing projects span various sectors, including energy (with a focus on green energy), chemical industry, geology, transportation and logistics, and IT.

The Uzbekistan-UAE Investment Company portfolio now includes 7 projects valued at $192.5 million, covering healthcare, mining, agriculture, and tourism. An additional 9 initiatives, totaling $140 million, are currently under development.

During the meeting, 15 new agreements and contracts were signed with prominent companies such as AMEA Power, Masdar, Solar Power Shine, M42, Burjeel Holdings, IFFCO, TWS, Alserkal Group, Metito, AD Ports, Jetex, Emirates Group, and others.

These agreements span sectors such as energy, agriculture, water supply, infrastructure, and transport and logistics. Notably, the agreement with Jetex involves the development of Tashkent-East Airport and the provision of business aviation services.