Economy

Majid Al Futtaim and UzOman form strategic partnership

Majid Al Futtaim – shopping mall, communities, retail and leisure operator across the Middle East, Africa and Asia signed a landmark partnership agreement with UzOman — the largest private equity investment fund in Uzbekistan. Through this long-term partnership, both entities will combine their capabilities and expertise to develop modern retail in the country, creating value for the industry and the Uzbek economy.

US, Uzbekistan and Kazakhstan announce about Central Asia Investment Partnership

Today the Governments of the United States of America, the Republic of Kazakhstan, and the Republic of Uzbekistan are announcing the launch of the Central Asia Investment Partnership. The participants welcome other countries to join this initiative to promote regional economic partnership and prosperity.

Latest News

Preparations for international events in the field of human rights discussed

16/01/2021Read more

Production of gasoline under the "QuWatt" brand was launched in Uzbekistan

16/01/2021Read more

Gas processing facilities are being restored at the Shurtan main facility

16/01/2021Read more

Issues of supporting youth in Khorezm region were discussed

On 5 January, in the city of Urgench, Deputy Prime Minister of the Republic of Uzbekistan Sardor Umurzakov held a meeting with young entrepreneurs of Khorezm region.

The progress of work on the preparation of a comprehensive program for the socio-economic development of makhallas, districts and cities of Khorezm region discussed

On 5 January 2020, from a studio in Urgench, in the format of a video conference, under the leadership of Deputy Prime Minister of the Republic of Uzbekistan Sardo Umurzakov, a meeting was held on monitoring work to stimulate the accelerated socio-economic development of Khorezm region.

BMB Trade Group, Abu Dhabi Uzbek Investment discuss implementation of joint projects

On 5 January 2021, a meeting was held between the Chairman of the supervisory board of BMB Trade Group Bekzod Mamatkulov and General director of Abu Dhabi Uzbek Investment Joint Venture Timur Rakhmanov.

Representatives of the diplomatic missions of Uzbekistan got acquainted with the potential of the textile industry

On 5 January 2020, the Uztekstilprom Association, with the assistance of the Ministry of Foreign Affairs, organized a round table with the participation of Ambassadors and trade advisors of Uzbekistan and representatives of the textile industry.

Ferghana TPS successfully commissioned a 17 MW gas turbine unit

A highly efficient gas turbine unit with a capacity of 17 MW was launched at Ferghana thermal power station, which should help to cover the need for electricity in the Ferghana region.

Masdar starts the construction of a solar photovoltaic plant in Navoi region

Masdar (the UAE) has started construction of a solar photovoltaic plant in Karmana district of Navoi region.

UGTL engineers undergo training on Honeywell’s automated control system

The latest generation of Honeywell Experion Orion Console control panels has been installed at a synthetic liquid fuel plant, the design of which was specially developed for the GTL plant under construction in Uzbekistan.

Uzbekistan’s GDP grows by 0.6% in 2020 - World Bank

The growth of gross domestic product (GDP) of Uzbekistan in 2020 is estimated at 0.6%. This was stated in the January issue of the World Bank’s Global Economic Prospectsreport.

Currency rates from 12/01/2021

$ 1 10473.20 +0.227%
€ 1 12796.16 +0.268%
₽ 1 141.29 +0.598%
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