SABOAM and Sheikh Ahmed bin Obaid Al Maktoum sign memorandum of understanding

Tashkent, Uzbekistan ( -- SABOAM, and Uzbek-UAE joint venture, and international investment company Sheikh Ahmed bin Obaid Al Maktoum (UAE) signed a memorandum of understanding.

UzA reported that SABOAM was founded in June 2015 on the initiative of Sheikh Ahmed bin Obaid Al Maktoum to direct investments into priority areas of economy of Uzbekistan and further development of bilateral relations.

Within the visit of the delegation of the company to Uzbekistan, presentations of investment programs on such areas as health care, agriculture, livestock, light industry, energy, and machine building were held.

Majid Ibrohim Al Naqi al Zaruni said that favourable conditions for foreign investors open wide opportunities to realization of investment projects. These projects will help to boost cooperation between Uzbekistan and the UAE.

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