BAKU, Azerbaijan, October 20. Business
representatives from Uzbekistan and the United States have signed
agreements worth a total of $12 billion following a meeting of the
American-Uzbek Business and Investment Council held in Samarkand.
This was reported by the press service of Uzbekistan’s Ministry of
Investment, Industry and Trade.


“A package of 54 agreements in trade, investment and
technological cooperation was signed as part of business events
held during the visit of the U.S. delegation to Uzbekistan. Their
implementation provides for investments totaling $12 billion,” the
statement said.


The agreements are aimed at modernizing Uzbekistan’s industrial
sector, transport and energy infrastructure, developing critical
mineral resources, and advancing the financial sector, digital
technologies, agriculture, healthcare and education.


In the transport sector, cooperation with GE Aerospace
предусматривает the supply of engines for new Uzbekistan Airways
aircraft. Meanwhile, initiatives with Wabtec focus on localizing
the production of railway equipment and components, helping
modernize the industry technologically and expand domestic
manufacturing capabilities.


Agreements with companies including Franklin Templeton,
Oppenheimer & Co., Citigroup and BlackRock are expected to help
Uzbek companies access international capital markets, attract
institutional investors and secure financing for infrastructure
projects.







Agreements and cooperation with ReElement Technologies, Traxys
and Trafigura in the mining sector are aimed at developing new
deposits, promoting technological cooperation and supplying mineral
resources. Particular emphasis was placed on strengthening
Uzbekistan’s domestic capabilities in the critical minerals
sector.


Meanwhile, projects in the digital and social sectors involving
Amazon Leo, GE HealthCare and Valmont Industries предусматривают
the development of satellite communications, the introduction of
advanced medical technologies and improvements in agricultural
efficiency.


“The signed package lays the foundation for a new stage in
Uzbek-American economic cooperation, combining international
capital and advanced technologies with Uzbekistan’s industrial
potential. The next priority will be to consistently translate the
agreements reached into tangible results,” the ministry’s press
service added.