Tashkent, Uzbekistan (UzDaily.com) -- The Ministry of Finance of the Republic of Uzbekistan, in cooperation with the representative office of the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan in the United Arab Emirates (UAE) and the Federation of UAE Banks, organized a high-level event Non-Deal Roadshows in Dubai on 29 September 2022.

The purpose of the event is to familiarize foreign investors with the activities of domestic commercial banks with state participation and the subsequent involvement of these investors in the privatization of such banks as strategic investors.

The event was attended by First Deputy Finance Minister Omonullo Nasritdinkhodjayev, heads of the Association of Banks of Uzbekistan and state banks, representatives of the Presidential Administration of the Republic of Uzbekistan, the Cabinet of Ministers, the Ministry of Finance, the Embassy of our country in the UAE, the consulate in Dubai and the representative office of the Ministry of Investment and Foreign Trade in the UAE.

The event was opened by speeches of representatives of the UAE Federation of Banks and the Association of Banks of Uzbekistan, who signed a Memorandum of Understanding. After that, the manager of the International Finance Corporation (IFC) spoke about the investment and consulting work carried out by IFC in our country. First Deputy Minister of Finance of Uzbekistan Omonullo Nasritdinkhodjaev made a presentation on the transformation and privatization of the domestic financial and banking market, including state-owned banks.

Representatives of Uzpromstroybank, Ipoteka Bank, Qishlok Qurilish Bank, Turonbank, Asakabank, Aloqabank, Agrobank, Microcreditbank and Xalq Bank also held a series of presentations about their institutions for investors.

Twenty-one banks and companies from the UAE, including Abu Dhabi Investment Group, Mohammad Omar Bin Haider Holding Group, ICBC, NBC, Cargill, Wio digital bank, Mashreq bank and others attended the event. With these investors, the issues of financing trade by state banks, large projects and the allocation of credit lines for small and medium-sized businesses were discussed.

At the end of the presentations, an investment agreement was signed between Qishloq Qurilish Bank and Mashreq bank. Then a networking lunch was organized with event participants and investors.