Uzbekistan and U.S. Discuss Investment and Infrastructure Development

Tashkent, The Gulf Observer: Laziz Kudratov, the Minister of Investments, Industry, and Trade of Uzbekistan, recently held a productive meeting with Helain Matza, Acting Special Coordinator of the U.S. Partnership for Global Infrastructure and Investment. The discussion focused on attracting private financing for projects in transport infrastructure, geology, and digitalization.

This initiative, proposed by the USA at the G7 summit in June 2022, aims to mobilize investments to develop quality infrastructure in developing countries. The USA plans to allocate up to US$200 billion over five years through a combination of grants, federal funding, and private sector investments, while G7 countries collectively aim to contribute up to US$600 billion. The initiative also involves major players like the World Bank and private investment companies such as BlackRock, Brookfield, and Global Infrastructure Partners.

During the meeting, the parties exchanged constructive views on various current bilateral cooperation issues, including investments and the implementation of joint initiatives. The discussions underscored the mutual commitment to deepen and expand cooperation in all discussed areas of bilateral interaction.

The meeting concluded with a strong commitment to further enhance and broaden cooperation between Uzbekistan and the USA, fostering significant progress in transport infrastructure, geology, and digitalization projects.