BAKU, Azerbaijan, February 21. The current
investment portfolio between Uzbekistan and Azerbaijan includes
around 30 projects with a total value of $3.4 billion, Trade and
Economic Adviser to the Ambassador of Uzbekistan Sanjar Makhmudov
told Trend on the
sidelines of the roundtable titled “Uzbekistan–Azerbaijan:
Architecture of Allied Cooperation.”
“We have made significant progress in shaping a new package of
projects worth approximately $10 billion. It is currently at the
coordination stage,” he noted.
According to Makhmudov, the future package will cover a broad
range of sectors, including virtually all areas of the economy and
industrial cooperation.
“We aim to expand textile exports to Azerbaijan. This year, we
intend to increase supplies to $50 million, compared to about $30
million last year,” he said.
The diplomat also announced plans to open a new trade house for
agricultural products, which will showcase goods from Uzbek
producers.
“Another project involves the establishment of a construction
materials trade house in Aghdam,” Makhmudov added.
He emphasized that, at the initial stage, the trade house will
feature furniture, electrical equipment, and construction
materials, with plans to develop industrial cooperation on this
platform in the future.
Speaking about the transport dimension, Makhmudov underlined the
strategic objective of building Uzbekistan’s own transport
infrastructure on the Caspian Sea.
“Our key goal is to acquire our own vessel for operations on the
Caspian Sea. We are actively engaging with the Baku Shipyard
regarding a potential purchase,” he said.
According to him, the launch of an Uzbek fleet within the next
one to two years could provide a significant boost to cargo
transportation and strengthen the transit potential of both
countries.
“The project is currently at the final stage of elaboration,”
Makhmudov concluded.
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