TASHKENT, Uzbekistan, February 17. Uzbekistan
and the UK have signed a memorandum on “Supporting the sustainable
growth of regions through engineering and transport infrastructure
master planning and capacity building,” Trend reports via the Uzbek Ministry of Economy
and Finance.
The document was signed during a meeting between Uzbekistan’s
Minister of Economy and Finance, Jamshid Kuchkarov, and the UK
Trade Envoy to Azerbaijan and Central Asia, Lord John
Alderdice.
During the talks, the sides reviewed the current state of
Uzbek–British trade and economic cooperation and discussed
prospects for its further expansion. Particular attention was paid
to the development of transport and logistics infrastructure,
including railway and road projects, airport modernization,
increasing the share of green energy, and expanding the use of
public-private partnership (PPP) mechanisms.
The discussions also covered the transformation of state-owned
enterprises and banks, the acceleration of privatization, and
opportunities for national companies to access international
capital markets, including the London Stock Exchange.
The parties agreed to continue practical cooperation aimed at
deepening mutually beneficial relations, expanding investment and
financial partnership, and implementing joint projects.
Meanwhile, trade turnover between Uzbekistan and the United
Kingdom has doubled over the past five years, with more than 270
British companies currently operating in Uzbekistan.
