Tashkent, Uzbekistan (UzDaily.com) – The Art and Culture Development Foundation and Kapitalbank signed a memorandum of cooperation.

The organizations undertake to maintain partnerships, taking into account the joint interest in the preparation and implementation of projects on the territory of the Republic of Uzbekistan, cooperation on the international charitable half marathon Samarkand Half Marathon 2020 requires special attention.

The purpose of this Memorandum is to establish partnerships and develop long-term, effective and mutually beneficial cooperation between the parties, aimed at preparing and implementing the project of the annual Samarkand Half Marathon charity run. The parties will cooperate on the basis of equality, goodwill, respect, and trust, based on generally accepted practice.

“The establishment of partnership relations between the Art and Culture Development Foundation and Kapitalbank can be considered the beginning of friendly interaction in a number of projects that will one way or another be an important investment in the country's development. We will consider the general work on the Samarkand Half Marathon 2020 project as a starting point. The reliability of a partner is a property that manifests itself in the ability to implement cooperation under certain environmental conditions, as well as business reputation, the ability to accurately and on time fulfill its obligations. In all the above senses, Kapitalbank has established itself as a reliable business companion. We hope our work will be fruitful,” Gayane Umerova, Executive Director of the Foundation for the Development of Culture and Art.

The Foundation and Kapitalbank intend to develop cooperation in the following areas: exchange of information on promising projects, exchange of analytical, statistical and legal information, dissemination of best practices in the preparation and implementation of projects, improvement of interaction between the parties and international development institutions in the promotion and implementation of projects.

“The world is changing, but the principles on which the game is built remain unchanged. You need not just players, you need partners in whom you can be confident. The Foundation carries out systematic and large-scale work to develop culture in the country and shows results that attract attention. We are convinced that we can become useful to each other by establishing working relations between our employees and are proud to contribute to the great charitable initiative of the Fund," Alisher Mirzaev, Chairman of the Board of Kapitalbank, said.