Uzbekistan seeks US investment for infrastructure and digital projects

Laziz Kudratov, Minister of Investments, Industry, and Trade of Uzbekistan, held talks with Helaina Matza, Acting Special Coordinator for the Partnership for Global Infrastructure and Investment at the US Department of State.

According to the MIIT, the discussions focused on attracting specific financing for advancing transportation infrastructure, geological, and digitalization projects.

This initiative was launched during the G7 summit held in June 2022, initiated by the USA. The goal is to mobilize investments to enhance quality infrastructure in developing countries.

Under this initiative, the United States plans to allocate up to $200 billion over five years through grants, federal funding, and private-sector investments, while G7 countries intend to distribute up to $600 billion. The World Bank, BlackRock, Brookfield, Global Infrastructure Partners, and other private investment companies are participating in implementing the initiative.

Moreover, the bilateral cooperation highlighted constructive perspectives on critical issues such as investment entry and joint project execution.

Following the talks, the parties expressed readiness to deepen and broaden cooperation based on the comprehensive discussions held on all aspects of bilateral relations.