BAKU, Azerbaijan, Aug. 26
By Fakhri Vakilov - Trend:
Uzbek-Emirates Investment Company and UAE’s E20 Investments Ltd signed an agreement on the implementation of an investment project to organize the cultivation of cherries and berries in Uzbekistan, Trend reports citing Uzbekistan's Ministry of Investments and Foreign Trade.
The agreement was signed on August 25 during the Uzbek-Emirates Business Forum which was held in Tashkent and attended by representatives of state institutions and business communities of Uzbekistan and UAE.
Following the forum, a number of bilateral documents were signed, including a Memorandum on the development of economic cooperation, signed by the management of the Office investments and foreign trade of the city of Tashkent from the Uzbek side and the Department of Economic Development of Abu Dhabi from the Emirates side.
Earlier Trend reported that Uzbekistan and UAE also signed the Agreement on the Establishment of the Uzbek-Emirates Business Council and the Agreement on Uzbekistan’s accession to the World Logistics Passport (WLP) international trade promotion program.
Emirates business was represented by such companies as DP World, Abu Dhabi Ports, Masdar, Mubadala Health, VPS Healthcare, DAMAC, Kanoo Group, Julphar, Al Rais Travel and Tourism, and others.
The foreign delegation at the event was headed by Minister of Economy Abdulla Bin Touq Al Marri, while Uzbekistan’s Deputy Prime Minister, Minister of Investments, and Foreign Trade Sardor Umurzakov were heading the Uzbek side.
The heads of delegations emphasized the high level of multifaceted cooperation between the two countries in their speeches,, and also noted the confident dynamics of an increase in the number of joint investment projects and the establishment of long-term trade ties.
As part of the event program, presentations of Uzbekistan’s investment potential in agriculture, textile, mining, electrical, pharmaceutical, jewelry, and other industries were held. Investors from the UAE got acquainted with the privatization program being implemented in the country and its interim results.
Moreover, meetings were held at the forum between representatives of the business community of the two countries, during which the parties discussed the possibilities of implementing joint investment projects in Uzbekistan, as well as concluding mutually beneficial trade agreements.
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