BAKU, Azerbaijan, September 19. Uzbekistan and
representatives of German and Austrian companies discussed on
Sept.17 opportunities to expand investment cooperation during the
meeting at the Ministry of Investment of Uzbekistan.
This was reflected in the statement by the Ministry of
Investment, Industry and Trade of Uzbekistan.
The meeting brought together representatives of companies from
Germany and Austria to explore potential investment projects in
information and communication technologies, construction materials,
agriculture, tourism, education, urban development and mechanical
engineering.
During the meeting, representatives of the foreign companies
presented their proposals for expanding business cooperation in
Uzbekistan and exchanged views with Uzbek officials on
opportunities to implement joint investment projects.
The Uzbek side briefed the delegation on the country’s ongoing
socio-economic reforms and measures aimed at improving the
investment climate. The discussion also covered incentives and
preferences available to foreign investors, business conditions in
Uzbekistan and opportunities for companies to use the country as a
platform for accessing regional markets.
The range of sectors discussed reflects opportunities for
cooperation beyond traditional areas of investment, with particular
attention to technology, manufacturing, agriculture and
services.
The sides also discussed the development of specific project
proposals and the steps needed to assess their feasibility and
potential implementation in Uzbekistan.
"At the end of the meeting, the parties agreed to develop
promising project proposals, study the possibilities of
implementing them in Uzbekistan, and continue regular communication
on this issue," the ministry said in the statement.
The talks form part of Uzbekistan’s efforts to attract foreign
investment and establish direct links between international
companies and domestic partners across priority sectors of the
economy.
