BAKU, Azerbaijan, October 18. UK Export Finance – the UK’s export credit agency – can help mobilize finance and promote the strengths of UK businesses in priority economic and social sectors, British Ambassador to Uzbekistan Timothy Smart told Trend.
According to the ambassador, these sectors include clean energy, transport, healthcare, education, and manufacturing.
He pointed out that UKEF’s healthy 3 billion pounds market risk appetite for Uzbekistan positions the country as one of the core pillars of the UK’s wider trade and investment offer.
"Tim Reid, UKEF's Chairman and Regional Director, visited Uzbekistan for the first time ever this year. We also opened a new permanent position at the Embassy – UKEF Regional Manager for Central Asia – to further build stronger links with Uzbekistan and to offer instruments for preferential financing of major investment and infrastructure projects in Uzbekistan," he added.
Meanwhile, according to the latest data provided by the UK Government, in 2021, the outward stock of British foreign direct investment (FDI) in Uzbekistan stood at 92 million pounds.
Over the recent years, the number of enterprises with British capital in Uzbekistan has increased to 338, of which 215 are joint ventures and 123 are enterprises with 100 percent British capital.