Uzbekistan and UAE to implement projects for US$120m
04/03/2015 19:36
Uzbekistan and UAE to implement projects for US$120m
04/03/2015 19:36
Tashkent, Uzbekistan (UzDaily.com) -- A delegation of Uzbekistan led by the Minister of Foreign Economic Relations, Investment and Trade Elyor Ganiev visited the UAE on 1-3 March 2015 to participate in the second session of the joint intergovernmental commission on economic cooperation.
Sultan Saeed Al Mansouri, Minister of Economy, headed the delegation of the UAE. The UAE delegation included representatives of the ministries of foreign affairs, finance, water management and environment protection, departments on economic development and transport, trade-industrial chambers, leading the UAE companies, the MFERIT said.
Sultan Saeed Al Mansouri said that the fruitful visit of high level to the UAE in March 2008 created firm bases for development and strengthening of bilateral relations, first of all, in economic directions. In this connection, organization of the session of the commission is considered as opportunity to joint development of proposals and concrete measures on expanding trade, investment and financial relations.
He also highly rated economic reforms in Uzbekistan directed at diversifying of sectors of economy and modernizing industry, creating favourable investment climate and expanding opportunities for businesses.
The minister said that the UAE pays important attention and will do its best to expand trade and investment relations with Uzbekistan.
The session considered issues of expanding trade-economic relations, including proposals on increasing trade turnover, realizing investment projects on creating high technological production capacities in Uzbekistan, expanding financial-technical cooperation, interaction in tourism and transport sectors.
The sides reached agreement on adoption of joint programme of investment cooperation with leading UAE companies and organization of mutual visits of business circles, as well as realization of projects in financial and technical assistance for over US$119.5 million.
The delegation of Uzbekistan also met with Minister of International Cooperation and Development (MICAD) Sheikha Lubna bint Khalid Al Qasimi, Executive Director of Abu Dhabi Fund for Development Eissa Mohamed AL Suwaidi, officials of leading UAE organizations and companies. During the talks, the sides discussed issues of expanding bilateral cooperation in trade-economic, investment and finance sectors.
Foreign trade companies of the MFERIT signed export agreements with the UAE companies on supply of goods for US$73.9 million within the session of the commission.
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