On December 24, Uzbekistan and Egypt the 7th meeting of the Uzbekistan-Egypt Intergovernmental Commission on trade, economic, and scientific-technical cooperation in Tashkent to enhance trade, economic, and investment ties. The talks were led by the Uzbek Minister of Investment, Industry and Trade, Laziz Kudratov and Egypt’s Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat.
The parties underscored a significant increase in two-way trade, which doubled last year and is continuing to grow. There are currently 15 Egyptian-invested companies in Uzbekistan, with ongoing projects in food production, geological exploration, and infrastructure modernization.
The day’s program continued with a Business Forum, attended by more than 150 business leaders from two countries. The Egyptian delegation included executives of El Sewedy Electric, Hassan Allam Holding, ACDIMA, EPICO, Nile Sugar, Badawy Group, Masriya Machine, Ebtkarat Smart Systems, Solyphar, and Al Farouk For Import & Export, among others.
The Forum also underscored the conditions created in Uzbekistan to ensure the comfort of entrepreneurs, protect their rights and interests, and the country’s investment and industrial potential.
A series of B2B and B2G meetings featured the program, providing businesses with opportunities to establish new, valuable contacts, discuss the details of mutually beneficial projects, and trade agreements.
At the conclusion of the events, the Minutes of the 7th Meeting of the Uzbekistan-Egypt Intergovernmental Joint Commission was signed, along with several bilateral accords, including those on technical cooperation in environmental protection, regional cooperation between Samarkand region and Alexandria province, collaboration between Egypt’s Supreme Council of Antiquities and Uzbek Center of Islamic Civilization, educational cooperation between Ain Shams University and Tashkent State Institute of Oriental Studies, and a Memorandum of Understanding between the Agency for the Development of the Pharmaceutical Industry and ACDIMA.
