BAKU, Azerbaijan, July 7. Uzbekistan and global
investment firm BlackRock discussed expanding cooperation in
privatization, capital markets, energy, and artificial
intelligence.
This was reflected in the statement published by the press
service of the Uzbek president following the meeting between
President Shavkat Mirziyoyev and Senior Managing Director, member
of the Global Executive Committee, and a Board of Directors member
at BlackRock, Adebayo Ogunlesi.
According to the press service, the meeting focused on
strengthening the strategic partnership between Uzbekistan and
BlackRock, with particular emphasis on the fuel and energy sector.
The sides also reviewed progress on the company's ongoing projects
in the country.
Mirziyoyev outlined several priority areas for future
cooperation, including expanding BlackRock's participation in
Uzbekistan's privatization program, enhancing the country's
investment attractiveness, developing financial markets, advancing
petrochemical projects, and pursuing joint investments in
artificial intelligence technologies.
“The parties reviewed current areas of cooperation and discussed
opportunities to further strengthen the strategic partnership,
particularly in the fuel and energy sector,” the presidential press
service said.
Founded in 1988 and headquartered in New York, BlackRock is the
world’s largest asset management company, providing investment
management, risk management, and technology services to
institutional and retail investors globally. The company manages
approximately $14 trillion in assets as of 2026 and serves clients
in more than 100 countries. Its investment platform covers a wide
range of asset classes, including equities, fixed income, private
markets, alternatives, and exchange-traded funds through its
iShares brand.
Meanwhile, Uzbekistan and U.S.-based BlackRock are actively
building ties in joint infrastructure investment and sovereign
equity. This collaboration centers on BlackRock and its subsidiary
Global Infrastructure Partners (GIP) deploying capital across the
Central Asian nation's economy.
