BAKU, Azerbaijan, May 29
By Klavdiya Romakayeva - Trend:
Germany ready to assist in attracting specialized German companies and financial institutions to the privatization of state assets, shares of large enterprises and commercial banks in Uzbekistan, Trend reports referring to the Ministry of Investment and Foreign Trade of Uzbekistan.
On May 28, Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov met with the chairman of Mangold Consulting and co-chairman of the EU-Uzbekistan Business Council Klaus Mangold at the Ministry of Investments and Foreign Trade of Uzbekistan.
The urgency of strengthening bilateral ties between government, business and expert circles of Uzbekistan and Germany was noted, in connection with which the German side announced its readiness to assist in organizing the visit of the Uzbek delegation to Berlin for conducting targeted negotiations with German ministries, departments and large companies.
It is noted that German companies are interested in investing in such areas as energy, light, electrical and pharmaceutical industries, automotive and building materials production. An agreement was reached on further cooperation to attract new German companies to the implementation of projects in Uzbekistan.
In this context, Mangold noted the importance of high-quality implementation of the privatization program in Uzbekistan in order to further increase the country's investment attractiveness for foreign investors. He expressed his readiness, if necessary, to assist in attracting specialized German companies and financial institutions to the privatization of state assets, shares of large enterprises and commercial banks.
Also, the prospects for applying the experience of leading German companies in the implementation of digitalization projects in agriculture, healthcare and education were considered - further steps were identified to establish direct interaction with relevant ministries and departments of Uzbekistan for joint work in this direction.
In addition, special attention was paid to deepening cooperation in the field of hydrogen energy. According to the German side, the introduction of new technologies based on hydrogen in Uzbekistan will free up additional volumes of natural gas for generating electricity, developing gas chemistry, producing chemicals and fertilizers, as well as its use in metallurgy.
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