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Uzbekistan plans to sign nearly 150 agreements following forum in Samarkand

Business Materials 23 November 2019 15:05
Uzbekistan plans to sign nearly 150 agreements following forum in Samarkand

BAKU, Azerbaijan, Nov. 23

By Fakhri Vakilov-Trend:

Following the 1st International Investment Forum “Invest in Samarkand” in Uzbekistan, 146 agreements totaling $1.3 billion, as well as 94 export contracts worth $200 million are expected to be signed, Trend reports citing press service of Uzbekistan’s ministry of investments and foreign trade.

The opening ceremony of the "Invest in Samarkand" forum and the exhibition of regional manufacturers “Made in Samarkand” took place in Samarkand on November 23.

The forum was opened by the governor of Italian Lombardy region Attilio Fontana, representatives of the European Bank for Reconstruction and Development, officials from India and Japan, foreign investors and heads of large foreign enterprises of the region including over 300 representatives from 31 countries.

During the opening ceremony, Uzbekistan’s Minister of Investment and Foreign Trade Sardor Umurzakov noted the strategic importance of the region in investment and foreign trade, taking into account its significant raw material base, developed infrastructure and tourism potential.

At thematic plenary sessions, the participants - heads of ministries and industry departments - exchanged views on investment attractiveness and promising mechanisms to increase the region’s export potential and further deepen localization in industry and agriculture. Large investment projects under implementation, as well as project proposals considering districts and cities of the region, were presented separately.

Alongside the forum and the exhibition of industrial and agricultural products of local manufacturers, negotiations of representatives of business circles in the B2B format were held.

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