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Uzbekistan reveals number of investment projects implemented with S.Korea, Japan

Uzbekistan Materials 22 April 2021 00:01 (UTC +04:00)

BAKU, Azerbaijan, Apr. 22

By Klavdiya Romakayeva - Trend:

Some 108 projects are currently being implemented in Uzbekistan jointly with Japan and South Korea, Trend reports referring to the Ministry of Investments and Foreign Trade of Uzbekistan.

A meeting was held at the Ministry of Investments and Foreign Trade of Uzbekistan, under the leadership of Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov on the study of the current state of investment and trade and economic cooperation with Japan and South Korea and the implementation of bilateral agreements reached as a result of visits at the highest level.

The meeting was attended by the officials of the Cabinet of Ministers, the Ministry of Investments and Foreign Trade, the Ministry of Health, the Ministry of Agriculture, the Ministry of Finance, the Agency for the Development of the Pharmaceutical Industry, the Association of building materials industry enterprises of Uzbekistan, as well as the Ministry of Energy.

During the discussion, high rates of development of cooperation between Uzbekistan and these countries and, in particular, a significant increase in indicators of investment and trade and economic cooperation were noted.

It is reported that currently, 48 projects with a total value of $6.6 billion are being implemented with Japan, and 60 projects worth $9.7 billion are being implemented with South Korea in such areas as industry, energy, agriculture, healthcare, housing and communal services.

At the same time, a critical assessment was given to the pace of implementation of individual projects, in connection with which the need was emphasized to intensify the interaction of the relevant ministries and departments in order to accelerate the implementation of projects and ensure timely commissioning of industrial and social facilities under construction.

Thus, it was instructed to create an interdepartmental expert group, whose tasks will be to monitor implementation and actively promote ongoing projects by developing and approving appropriate road maps for each individual project, as well as providing technical assistance in solving emerging problems at each stage of the project cycle.

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Follow the author on Twitter: @romakayeva

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