The United Arab Emirates (UAE) has participated in the second Tashkent International Investment Forum held in Uzbekistan. The event provided a platform for businesses and investors to explore new investment opportunities in Uzbekistan and the wider Central Asian region.
The UAE delegation to the forum was led by the Minister of Economy, who highlighted the UAE’s commitment to strengthening economic ties with Uzbekistan and the Central Asian region. The minister noted that the UAE has a strong interest in investing in Uzbekistan’s infrastructure, agriculture, and renewable energy sectors, among others.
The second Tashkent International Investment Forum was organized by the government of Uzbekistan to showcase the country’s economic potential and attract foreign investment. The event brought together over 1,000 participants from more than 50 countries, including government officials, investors, business leaders, and representatives from international organizations.
During the forum, participants discussed a range of topics related to investment opportunities in Uzbekistan, including infrastructure, tourism, agriculture, and renewable energy. They also explored ways to improve the investment climate in Uzbekistan and promote economic cooperation between Uzbekistan and other countries.
The UAE’s participation in the forum is part of its broader strategy to expand its economic presence in Central Asia. In recent years, the UAE has been working to develop stronger economic ties with Uzbekistan and other Central Asian countries, with a focus on sectors such as energy, infrastructure, and tourism.
The UAE is already a major investor in Uzbekistan’s energy sector, with several UAE companies operating in the country’s oil and gas industry. The UAE has also invested in Uzbekistan’s agriculture sector, with a number of projects focused on increasing food production and improving food security.
In addition to its investments in Uzbekistan, the UAE is also working to improve transport links between the UAE and Central Asia. In 2020, the UAE and Uzbekistan signed an agreement to establish a direct air link between Dubai and Tashkent, which is expected to boost tourism and trade between the two countries.
The UAE’s participation in the Tashkent International Investment Forum is a reflection of the growing economic ties between the UAE and Uzbekistan. The forum provided an opportunity for the UAE to showcase its expertise in various sectors and explore new investment opportunities in Uzbekistan and the wider Central Asian region.
The forum also highlighted the government of Uzbekistan’s efforts to improve the investment climate in the country and attract foreign investment. In recent years, Uzbekistan has implemented a range of reforms aimed at improving the business environment, including simplifying procedures for business registration and reducing red tape.
The government of Uzbekistan has also launched several initiatives aimed at attracting foreign investment, including the creation of special economic zones and the establishment of a one-stop shop for foreign investors. These initiatives have helped to attract significant investment from countries such as China, Russia, and the UAE.
The second Tashkent International Investment Forum provided an opportunity for Uzbekistan to showcase its economic potential and attract new investment. The forum highlighted the country’s strategic location at the crossroads of Asia and Europe, its abundant natural resources, and its highly skilled workforce.
In his address to the forum, Uzbekistan’s President highlighted the country’s commitment to creating a favorable investment climate and attracting foreign investors. He noted that Uzbekistan is open to investment in all sectors of the economy and is committed to working with investors to overcome any challenges they may face.
Overall, the UAE’s participation in the Tashkent International Investment Forum highlights the growing economic ties between the UAE and Uzbekistan. The forum provided a platform for the UAE to showcase its expertise and explore new investment opportunities in Uzbekistan and the wider Central Asian region.
It also provided an opportunity for Uzbekistan to showcase its economic potential and attract new investment, highlighting the government’s commitment to creating a favorable investment climate and working with investors to realize the country’s vast potential.
