Uzbek and the UAE business leaders and officials signed new agreements, the press service of the Uzbek Ministry of Investment, Industry and Trade said.
On Monday, executives and CEOs of companies from the two countries met in Abu Dhabi ahead of the president Shavkat Mirziyoyev's visit. The parties discussed trade, economic and investment cooperation, and explored the opportunities for their expansion.
In 2024, the volume of two-way trade between the two countries reached $650 million, with 337 UAE-invested enterprises operating in Uzbekistan, including 114 joint ventures and 223 subsidiaries.
The volume of UAE’s investments last year increased from $1.08 billion to $1.5 billion. The parties are implementing projects in the fields of traditional and alternative energy, chemical industry, geology, IT, agriculture, transport and logistics.
The portfolio of the Uzbek-Emirati investment company (Abu Dhabi Uzbek Investment) includes 7 medical, mining, agriculture, and tourism projects worth of $192.5 million. Another 9 projects worth of $140 million are under development.
At the meeting, another 15 agreements and contracts were signed with AMEA Power, Masdar, Solar Power Shine, M42, Burjeel Holdings (a private provider of medical services in the UAE), IFFCO (manufacture and export of consumer goods), TWS, Alserkal Group, Metito, AD Ports, Jetex, Emirates Group, etc.
Transport Minister Ilkhom Makhkamov and the CEO of Jetex Adel Mardini signed a memorandum under which the company will provide to VIP and CIP services at Tashkent-Eastern commercial aviation airport in the form of an FBO (Fixed Base Operator).
The project also envisages the development of for the aircraft repair, sale and storage services, as well as the introduction of air taxis and VIP taxis.
