Chairperson of Chamber of Commerce and Industry of Uzbekistan Alisher Shaykhov and the deputy chairman of Qatar Chamber of Commerce and Industry (QCCI) Mohamed bin Tawar al-Kuwari signed the document, Gulf Times reported.

Al-Kuwari said that the current volume of trade exchange between Qatar and Uzbekistan does not meet the ambitions of the businessmen in both sides. He said that QCCI and the private sector in Qatar will do all they can to make the visit productive.

Shaykhov called Qatari businessmen to invest in Uzbekistan. He described the investment environment in Uzbekistan with a stress on its geographical position amid huge global markets.

Shaykhov said that the availability of the raw materials, the sources of energy and qualified employment in addition to significant tax exemptions would make it easier for investors.

“Uzbekistan provides incentives to foreign investors and protects their rights,” he said. “We are offering unprecedented tax holidays to investors. For instance, if a foreign company invests between 3 to 10mn euros it would be exempt from tax for seven years.”