Ways to deepen cooperation between Uzbekistan and the UAE discussed
On December 7 of this year, in Abu Dhabi, a meeting was held between the Deputy Prime Minister - Minister of Investments and Foreign Trade of the Republic of Uzbekistan S. Umurzakov with the Deputy Prime Minister, Minister for Presidential Affairs of the United Arab Emirates Sheikh Mansour bin Zayed al-Nahyan.
During the talks, the sides discussed the current state and prospects for deepening bilateral cooperation in the investment, trade, economic, cultural and humanitarian spheres.
The progress of the implementation of the agreements reached during the visit of the President of the Republic of Uzbekistan to the UAE in March 2019 was considered. The existing issues and mechanisms of further interaction to solve the assigned tasks were considered.
Discussing the issues of investment cooperation, the parties noted the high dynamics of increasing the volume of Emirati investments attracted to the economy of Uzbekistan and the successes achieved by Emirati companies in the implementation of projects. So, in particular, the Masdar company in August this year put into operation the first solar power plant in Uzbekistan, and is currently the winner of tenders for the construction of three new solar power plants: Sherabad FES with a capacity of 457 MW, Samarkand FES with a capacity of 220 MW, as well as Jizzakh FES. with a capacity of 220 MW. The total portfolio of Masdar projects in Uzbekistan at the moment is more than $ 2 billion, the total generating capacity of the power plants under construction is 2.5 GW.
Following the meeting, the parties expressed their commitment to further strengthening bilateral relations, diversifying trade and investment cooperation and attracting new investors to the implementation of projects in Uzbekistan from among the leading UAE companies, which will make it possible to fully use the existing potential of economic partnership between the two countries.
