Uzbek President promised a favorable climate for Russian investors

18 November 2021

Uzbek President Shavkat Mirziyoyev said that his country's authorities will continue to create favorable conditions for Russian investors. He said this in an address to the participants of the II Forum of Interregional Cooperation between Russia and Uzbekistan, published on Wednesday in the Telegram channel of Mirziyoyev's press secretary Sherzod Asadov.

"We will continue to support joint business projects and create all necessary conditions for Russian investors," the Uzbek president said. "Thanks to active joint work, even in conditions of a pandemic, we have managed to increase our mutual trade turnover, which will exceed $6 billion this year," Shavkat Mirziyoyev stressed. "Undoubtedly, the success of the forum was another confirmation of the breakthrough results and the high level of bilateral relations that we have achieved in recent years," the head of state said.

"Currently, the volume of accumulated Russian investments in our country exceeds $10 billion, and this figure continues to grow dynamically," said the leader of Uzbekistan. He said a high-tech Khimgrad industrial park is being created in the Tashkent region with partners from Tatarstan, a multifunctional agro-logistics center will soon be launched in the Dzhezak region with investors from the Moscow region. Companies from the Samara region began construction of a large greenhouse complex in Bukhara, with entrepreneurs from Ingushetia a project to expand the textile cluster in the Ferghana Valley is being implemented, the president of Uzbekistan said. There are many such examples, including in Russia with the participation of Uzbek business, Mirziyoyev added.

Promising spheres of cooperation

The Uzbek president said his country was ready to develop industrial cooperation with Russia in metallurgy, energy, petrochemical, electrical, textile, pharmaceutical and other industries. Mirziyoyev expressed support for the creation of large agro-industrial companies and clusters, storage terminals and processing facilities in Uzbekistan and Russia. Uzbekistan is interested in broad introduction of agrarian technologies, implementation of joint programs in the field of breeding, he added.

Mirziyoyev said the spheres of innovation, information technologies, knowledge exchange and industrial technologies are especially promising. According to him, the Innoprom international exhibition will be held annually in Uzbekistan in a new, regional format with the participation of the Russian Federation. The President of Uzbekistan supported the expansion of the presence of leading Russian universities in the country. He mentioned the already realized examples of successful partnerships with Kazan Federal University and Astrakhan Federal Technical University. Active contacts between the regions will contribute to the expansion of cultural and humanitarian exchanges and tourism, the head of state added. Mirziyoyev invited Russian representatives to Uzbekistan next year to hold the third regional forum of the two countries.

Earlier, during the forum, the head of the Ministry of Economic Development of Russia Maxim Reshetnikov said that in the first nine months of 2021 the bilateral turnover between the countries increased by 6.5% in annual terms - to $4.5 billion. In 2020, the volume of turnover amounted to $5.9 billion.

Russian President Vladimir Putin will hold a meeting with the leader of Uzbekistan Shavkat Mirziyoyev in the Kremlin on Friday, November 19, the press secretary of the Russian President Dmitry Peskov said. In turn, the press service of the Uzbek leader announced on its website on Wednesday that Shavkat Mirziyoyev will visit Russia on November 19.



GSV "Russia - Islamic World"

Photo: official website of the President of the Russian Federation

Based on materials from TASS