BAKU, Azerbaijan, June 15. Uzbekistan and Egypt
discussed new avenues for expanding economic cooperation.
This was announced in a report published by the Ministry of
Foreign Affairs of Uzbekistan, following FM Saidov's meeting with
Egypt's Minister of Investment and Foreign Trade, Mohamed Farid
Saleh.
According to the report, the sides held detailed discussions on
practical measures aimed at increasing bilateral trade, boosting
investment flows, expanding industrial cooperation, and
strengthening transport and logistics connectivity between the two
countries.
The Ministry notes that during the meeting, Saidov emphasized
the importance of cooperation in the area of free economic zones,
the implementation of joint production projects, and opportunities
to enter new markets.
The report indicates that the parties highlighted the successful
implementation of projects involving leading Egyptian companies in
Uzbekistan, noting that these initiatives have created a solid
foundation for launching new joint ventures and investment
projects.
The sides also emphasized the considerable untapped potential
for cooperation in several sectors, including geology, agriculture,
pharmaceuticals, energy, and industry.
Meanwhile, economic ties between Uzbekistan and Egypt have
continued to gain momentum in recent years, supported by growing
business engagement and efforts by both governments to expand
trade, attract investment, and promote industrial partnerships
across key sectors of their economies.
