BAKU, Azerbaijan, October 17. Uzbekistan and
the United Arab Emirates have agreed to accelerate and expand joint
projects in renewable energy, infrastructure, industrial
cooperation, tourism and services, following a meeting between
President Shavkat Mirziyoyev and executives from UAE-based energy
companies Masdar and AMEA Power on October 16 in Tashkent.
This was reflected in the statement by the press service of the
Uzbek president, following a meeting on the sidelines of the first
session of Uzbekistan’s Investors Council for the fuel and energy
sector. The UAE delegation included Masdar CEO Mohamed Jameel Al
Ramahi and AMEA Power Chairman Hussain Al Nowais.
The parties noted the development of the strategic partnership
between Uzbekistan and the UAE, with bilateral trade increasing by
40% since the beginning of 2026. Additionally, they discussed ways
to expand investment cooperation and speed up the implementation of
major projects.
Masdar, based in Abu Dhabi, is a renewable energy company
established in 2006. It develops and invests in clean energy
projects, including solar and wind power, and is expanding its
activities in green hydrogen.
AMEA Power, headquartered in Dubai, develops, finances and
operates renewable energy projects, including solar and wind farms
and battery energy storage systems. The company has a project
pipeline spanning multiple countries across Africa, the Middle East
and Asia.
Both companies are involved in Uzbekistan’s energy development.
AMEA Power, for example, is developing a 150-megawatt battery
energy storage system in Tashkent and has projects planned in other
regions of the country.
The meeting concluded with an agreement to accelerate existing
projects and expand cooperation across the identified sectors.
