Prospects for mutually beneficial Uzbekistan–UAE cooperation discussed with the management of a leading Dubai-based investment holding

Uzbek diplomats met with Amit Kaushal, CEO of Dubai Holding, the correspondent of Dunyo news agency reports.

The talks focused on prospects for developing investment cooperation between Uzbekistan and Dubai Holding, particularly the expansion of mutually beneficial cooperation in the real estate and tourism infrastructure sectors.

The meeting featured an exchange of views on the large-scale development work underway in Uzbekistan, modern approaches to urban development, as well as opportunities for developing real estate and tourism infrastructure. Particular attention was paid to modern infrastructure and investment projects being developed in the territory of New Tashkent.

It was noted that the dynamic growth of Uzbekistan’s tourism sector and the steady increase in the number of foreign tourists are creating new opportunities for further expanding modern hotel, retail, entertainment, and service infrastructure.

Following the meeting, the sides expressed interest in further exploring opportunities for cooperation in promising areas and consistently developing mutually beneficial ties.

Dubai Holding is one of the largest investment holding companies, with its activities focused on diversifying the economy of the Emirate of Dubai and ensuring long-term sustainable growth. Founded in 2004, the company currently carries out investment and operational activities in more than 30 countries and has a workforce of over 45,000 employees.

The holding’s portfolio spans such sectors as real estate, hospitality, leisure and entertainment, media, information and communications technology, design, education, retail, manufacturing and logistics, as well as science. The total value of assets in the company’s portfolio amounts to $137 billion.

The company is associated with a number of Dubai’s largest and most renowned projects, including Madinat Jumeirah, Jumeirah Beach Residence, City Walk, Bluewaters, Dubai Hills Estate, Jumeira Bay, Palm Jumeirah, Palm Jebel Ali, and Meydan.

Jumeirah, a brand within the Dubai Holding portfolio, operates luxury hotels and resorts in a number of countries across Europe, the Middle East, and Asia. The brand’s properties are located in major international tourist destinations such as London, Paris, Geneva, Capri, and the Maldives.