TASHKENT, Uzbekistan, February 18. Uzbekistan and Kuwait's Agility Logistics have discussed plans to create a joint logistics center in Uzbekistan to facilitate the efficient delivery of agricultural products to Gulf countries, Trend reports.
This initiative was highlighted during a meeting between President Shavkat Mirziyoyev and Agility Logistics Chairperson Henadi Al-Saleh in Kuwait City.
Founded in 1979, Agility Logistics is one of the world’s largest multinational logistics companies, operating in over 70 countries. The company specializes in aviation services, industrial warehousing, logistics parks, and digitalization of logistics services.
Meanwhile, the president of Uzbekistan has visited Kuwait at the invitation of the country's Emir Mishal Al-Ahmad Al-Jaber Al-Sabah from February 17 through 18.
He held high-level bilateral talks in Kuwait City, as well as meetings with the leadership and members of the government, heads of leading Kuwaiti companies, and banking and financial structures.
During the president's visit, Uzbekistan and Kuwait signed a joint declaration on the development of Uzbek-Kuwaiti relations as a comprehensive partnership.
Regarding ties between these nations, Uzbekistan has recently augmented its political contact with Kuwait. In April 2024, Kuwait's Foreign Minister, Abdullah al-Yahya, was received by Uzbekistan's President, Shavkat Mirziyoyev. In 2024, five rounds of negotiations occurred between the foreign ministers of the two countries. The communication between economic agencies and business sectors has been enhanced. In the previous year, more than 100 Uzbek entrepreneurs traveled to Kuwait City. Two business conferences and "Made in Uzbekistan" exhibitions were conducted in Kuwait in May and August 2024. Business forums were conducted in Uzbekistan, featuring a 31-member delegation from Kuwait. Notable Kuwaiti enterprises, including Gulf Care Gen. Trad. Co., Biomedix Medical Group Co., Mishari Alafasy Perfumes, and Advanced Medical German Co., conducted visits to Uzbekistan. Concerning trade, In the last five years, trade turnover between Uzbekistan and Kuwait has quintupled. Presently, seven companies with Kuwaiti investment are functioning in Uzbekistan. Nonetheless, this does not entirely represent the economic potential of both parties. In 2023, Kuwait's trade in goods and services with other nations totaled $164 billion, whereas Uzbekistan's figure was $63 billion. The 2024 agreement aimed at streamlining trade processes may represent a crucial advancement in enhancing trade dynamics.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel