Uzbekistan and Kyrgyzstan will set up a US$ 50 million joint investment fund, which could be pumped to US$ 200 million in the future, stated the Uzbek Deputy PM/Minister of Investments and Foreign Trade Sardor Umurzakov and the Kyrgyz Deputy PM/Minister of Finance and Economy of Ulukbek Karmyshakov.
The statement was made at the Uzbek-Kyrgyz business forum, which took place today as part of the visit of Kyrgyz President Sadyr Japarov to Uzbekistan.
Sardor Umurzakov noted that the fund "will become a catalyst for the development of our cooperation", adding that it will support a number of new joint projects, primarily in the field of industrial cooperation. “This is the point of growth that we must take advantage of today,” said the Deputy Prime Minister.
