Uzbekistan and Russia have announced plans to further develop mutual trade and create joint industrial parks, according to the Russian trade mission in Uzbekistan.
Russian Industry and Trade Minister Anton Alikhanov and Uzbekistan’s Minister of Investment, Industry and Trade Laziz Kudratov met on the sidelines of the "Innoprom-2024" industrial exhibition currently taking place in Yekaterinburg.
"The parties discussed the creation of a joint investment platform, further development of cooperation in the field of retail trade, and the creation of joint industrial parks in Uzbekistan," the trade mission's statement said.
Currently, two joint industrial parks are operational in Uzbekistan, located in the Tashkent and Jizzakh regions. Plans for 2024 include the launch of two additional industrial zones in the Navoiy and Bukhara regions. "Preparations are underway for the construction of infrastructure facilities, and a list of residents is being formed," the press service added.
This initiative marks a significant step in strengthening economic ties between the two nations, fostering investment opportunities, and enhancing industrial cooperation.
Related Articles
Uzbekistan sticks with 14% policy rate
The Central Bank of Uzbekistan (CBU) on October 24 kept its key policy rate at 14% per annum, citing easing inflation but ongoing risks. The ... more
Report says explosion hit pipeline that delivers Turkmen gas to Russia, but Turkmenistan no longer sells gas to Moscow
Ukrainian outlet Kyiv Post on August 2 reported sources within Ukraine's Main Military Intelligence Directorate (GUR) as stating that an explosion in Russia disabled a section of ... more
New agreement provides for more than 1,000 weekly flights between Uzbekistan and Russia
Uzbekistan and Russia have struck an agreement under which the number of weekly direct flights between the two countries can be more than tripled to more than 1,000 per week, according to ... more