The Deputy Prime Minister Sardor Umurzakov hosted the Minister of Economy of the UAE Abdulla bin Touq Al Marri, the Ministry of Investments and Foreign Trade said.
The parties discussed the current state and prospects for expanding cooperation in the investment, trade and economic areas and underscored that over the past two years, significant results have been achieved in building up a portfolio of joint investment projects - currently 15 projects are being implemented with UAE partners totaling over US$ 5 billion.
Opportunities for attracting UAE investors for privatization of the state’s stakes in Uzbekistan were also considered.
An agreement was reached on establishing direct cooperation between the Ministry of Food and Water Security of the UAE and the Ministry of Agriculture of Uzbekistan to study the possibilities of implementing joint programs and projects in agriculture and the food industry.
The successful activity of the Uzbek-Emirates Investment Company, set up with the support of the Abu Dhabi Development Fund, was noted - since the beginning of its activities, the company has attracted about US$ 100 million for the implementation of joint investment projects in Uzbekistan. The UAE’s visiting Minister expressed readiness to assist in attracting new potential partners from among Emirati investors in order to implement promising projects with their co-financing at the expense of the resources of the Uzbek-Emirates Investment Company.
The parties also discussed mechanisms for increasing the two-way trade between Uzbekistan and the UAE.
