Uzbek-Russian Investment Exhibition will be held in April in Tashkent
On October 12 this year, Bukhara hosted the twenty-first meeting of the Uzbek-Russian Intergovernmental Commission (IGC) on Economic Cooperation.
The discussion touched upon the prospects for the expansion of successful cooperation in the investment sphere. It was noted that currently there is a package of large investment projects totaling more than USD 16 billion under implementation in petro-chemistry, mining metallurgy, energy, healthcare and pharmaceuticals, production of construction materials, textile industry, and fruit and vegetable processing areas.
The parties highlighted a number of prerequisites for further expansion and diversification of investment cooperation through the elaboration and implementation of new industrial cooperation projects in the most promising areas and agreed to work closely here.
The point noted was the practical significance of the Project Office opened in August this year between the Ministry of Industry and Trade of the Russian Federation and the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan.
The parties discussed issues related to the implementation of 104 new investment projects in the industrial cooperation totaling USD 5.8 billion, as well as agreed to jointly and effectively monitor the high-quality and timely implementation of each project within the agreed time.
The parties agreed to hold an International Investment and Industrial Exhibition ‘Innoprom’ in Tashkent in April 2021, which will provide Russian and Uzbek manufacturers and entrepreneurs to establish direct contacts and jointly develop new promising project proposals in the industrial cooperation.
One of the key components of bilateral cooperation was the interaction in the cultural and humanitarian areas. The discussion touched upon practical aspects, a number of joint events, in particular, the Second Educational Forum ‘Uzbekistan-Russia’ involving rectors of leading universities and scientific and educational centers of the two countries.