Rustam Azimov stated that the FRDU is ready to cooperate with Japan International Cooperation Agency (JICA) and co-finance joint projects with leading Japanese companies on re-equipment and modernization of strategic and basic industries of economy of Uzbekistan.

Fund for Reconstruction and Development of Uzbekistan was created in May 2006 in line with the presidential resolution “On measures on organization activity of the Fund for Reconstruction and Development of Uzbekistan”.

The fund was founded for financing and co-financing important investment projects, included into the state investment programme. The charter capital of the fund was US$1 billion.