Agreements worth $26.6 billion signed at Tashkent Investment Forum 

Following the results of the third Tashkent International Investment Forum, agreements totaling $26.6 billion were signed, the press service of the Ministry of Investment, Industry and Trade reported.

In 2023, 167 documents worth $11 billion were signed within the forum, and in 2022 – $7.8 billion.

In particular, agreements were reached on the implementation of the following major investment projects:

•  Data Volt from Saudi Arabia plans to build urban infrastructure in New Tashkent worth $1 billion, as well as create a data center based on green technologies worth $3 billion;
•  another Saudi company, Acwa Power, intends to build a 5 GW wind farm in Karakalpakstan and will create 2 GW of electricity storage devices for a total of $6.2 billion;
•  Emirati Amea Power to build 1,000 MW wind farm in Karakalpakstan for $1.1 billion;
•  Saudi Tabrid from Saudi Arabia will begin modernizing the heat supply system in Nukus, Fergana and Kuvasay in the amount of $750 million;
•  Nil Shugar from Egypt will be engaged in the cultivation of sugar beets and sugar production in the Jizzakh region for $500 million;
•  Chinese Shanghai Knud International plans to implement a project for the production of textile and clothing products in the Namangan region for $205 million;
•  Wilmar International (Singapore) intends to produce food products and confectionery products in the Tashkent region for $200 million.

In addition, agreements were reached at the forum with such companies as Orascom Investment (Egypt), Bonafarm Group (Hungary), Sayar (USA), Goldwind, Sinoma (China), Sam Yapi (Turkey), Pasha Development (Azerbaijan), Lasselsberger ( Austria), Petrosat Chexelsoton (Iran) on the implementation of new investment projects worth $6.6 billion.

The event was attended by more than 2,500 participants from 93 countries.

One of the key events of the forum was the presentation of regional energy projects (construction of Kambarata HPP-1 and Yavan HPP) to foreign investors. The presentation took place with the participation of the prime ministers of Uzbekistan and Kyrgyzstan.

The event included a program of panel sessions, discussions, business breakfasts and round tables. The central topic was the role of the state, investors and entrepreneurs in supporting small and medium-sized businesses.

On May 2, on the first day of the Tashkent International Investment Forum, Shavkat Mirziyoyev listed the planned measures to strengthen the protection of investor rights in Uzbekistan: the adoption of the Law “On investments” in a new edition according to WTO standards, the start of work in the country of the International Commercial Court and doubling the lease term lands for foreign investors.

The head of state called on investors to join international projects with the participation of Uzbekistan.