Uzbekistan Explores Investment Collaboration with Uzbek-Azerbaijan Investment Company in Key Sectors

Tashkent, The Gulf Observer: On 17 February, the Minister of Investment, Industry, and Trade of the Republic of Uzbekistan, Laziz Kudratov, engaged in a productive meeting with the Director of the Uzbek-Azerbaijan Investment Company, Nazim Hajiyev, to explore avenues for financing and executing over 20 projects. These projects span diverse sectors such as the automotive industry, textile industry, and sericulture, with funding to be provided by the Uzbek-Azerbaijan Investment Company.

The discussions centered around the mechanisms to facilitate the financing and successful implementation of the identified projects. Both parties acknowledged the strategic importance of collaborations in these key sectors, emphasizing the potential for mutual economic growth and development.

A significant focus during the meeting was placed on the ongoing efforts to establish and advance the capabilities of the Think Tank at the Investment Company. This Think Tank is envisioned to serve as a crucial hub for generating and analyzing promising projects, ensuring a strategic and forward-looking approach to investment endeavors.

Minister Kudratov underscored the importance of maintaining a consistent effort in the establishment and growth of the Think Tank, recognizing its pivotal role in steering the direction of investment initiatives. The commitment to fostering an environment conducive to innovation and development was reiterated, with a shared vision for the Think Tank to become a catalyst for identifying and nurturing impactful projects.

In response, the Uzbek side conveyed its unwavering support for the activities of the Think Tank, expressing readiness to provide comprehensive assistance to ensure its success. This commitment is aligned with the broader goal of promoting sustainable economic development and fostering a dynamic business landscape in Uzbekistan.

The collaborative discussions between Minister Laziz Kudratov and Director Nazim Hajiyev signal a concerted effort to strengthen bilateral ties and leverage joint resources for the advancement of strategic projects. The shared commitment to innovation and thoughtful investment practices underscores the determination to propel economic growth and development in the region.