Uzbekistan to enhance investor relations with formation of four new working groups

The second general meeting of the Council of Foreign Investors, chaired by the President of Uzbekistan, has been held at the Kuksaroy residence.

President Shavkat Mirziyoyev expressed his satisfaction with the participation of close partners and new members from the world's leading companies and financial institutions at the meeting.

"Establishing an open and effective dialogue between the government and investors is the main key to sustainable economic development. Therefore, I call upon you today to keep pace with modern times, set precise plans, and further harmonize our efforts," said the president.

The state leader invited the council to establish working groups in four directions and actively participate in their full implementation.

Firstly, to develop the capital market. This direction highlighted the need to attract internal and external capital to develop an international financial center that fully meets foreign investors' requirements.

Secondly, to promote responsible business practices. In this regard, it is crucial to widely implement the relevant principles of the Organization for Economic Cooperation and Development, focusing on economic stability, transparency, and openness.

Thirdly, to incentivize alternative investments. In this context, developing and adopting a new law on "Venture Investments" is vital to create favorable conditions for multiplying startups, innovative projects, and joint investments.

Fourthly, the digitization of the investor engagement system. It was emphasized that it is time to develop and widely implement a comprehensive electronic platform for all services between state agencies and foreign investors. This will allow the timely and systematic resolution of complex issues affecting investors.