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Italy's investments in Uzbekistan increase sevenfold

Uzbekistan Materials 6 June 2023 17:33 (UTC +04:00)
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, June 6. Over the past 4 years alone, the volume of Italian investments attracted in Uzbekistan has increased sevenfold, while the number of enterprises with Italian capital operating in the country has doubled, Trend reports.

These indicators were revealed during the Uzbek-Italian joint business forum held today in Rome on the eve of President Shavkat Mirziyoyev's trip to Italy.

Among the participants of the forum, such major Italian partners of Uzbekistan like Danieli, Pietro Fiorentini, Terranova, Fin opera, engaged in the fields of metallurgy, electrical industry, jewelry production and agriculture, respectively, were present at the event.

During the forum Italian companies got acquainted with the investment potential of Uzbekistan, the results of the reforms carried out in the country aimed at creating comfortable conditions for business in general and foreign investors in particular.

Textile industry, agriculture and processing of agricultural products, production of building materials, metallurgy, chemical and automotive industries have been identified as the most promising areas for building long-term and mutually beneficial cooperation, electronics and many others.

Following the event, a package of investment agreements and trade contracts was signed covering the energy, agriculture, chemical industry, leather and footwear, textile and machine-building industries, ecology, transport and logistics, as well as the banking sector.

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