Baku, Azerbaijan, March 14
By Fakhri Vakilov - Trend:
The government of Uzbekistan supports the project of the Ministry of Energy and Industry of the United Arab Emirates and the company Mubadala Utilities for the privatization of a number of thermal power plants and the construction of new ones based on public-private partnership, Deputy Prime Minister for Investment and Foreign Economic Relations Elyor Ganiyev said, Trend reports via Uzbek media.
He said Uzbekistan is interested in cooperation in the field of renewable energy sources with the Masdar company, including the construction of a wind power plant. Major projects include the extraction and deep processing of hydrocarbons with the participation of Mubadala and the expert advice of the Abu Dhabi national oil company ADNOC.
Uzbekistan is ready to provide the UAE market with food, fruits and vegetables, metallurgy, light industry products, automobiles and electrical equipment. To this end, the Uzbek side proposed to organize a joint trading house in Dubai in the coming months.
Elyor Ganiyev invited companies from the UAE to invest in the tourism industry of Uzbekistan.
“We do not want to limit ourselves to the agreements reached. There are about 4,000 historical monuments in the country, of which 90 percent are monuments of Islamic culture. We offer to implement tourism projects and privatize existing hotels, as well as build new 5-star level hotels in the ancient cities of Uzbekistan - Samarkand, Bukhara, Khiva,” he stressed.
Further actions were taken by a joint investment company with a registered capital of $1 billion, the founders of which are the Abu Dhabi Development Fund and the Fund for Reconstruction and Development of Uzbekistan.
The Fund will provide a soft loan for improving the infrastructure of Samarkand: roads and drinking water supply systems. Moreover, the construction of a hotel and a shopping center is planned in cooperation with the National Bank of Uzbekistan.
Elyor Ganiyev proposed to the Emirati side to invest in projects in the Navoi and Namangan regions in the field of agriculture, the production of finished textile products and the creation of a network of hotels.
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