Uzbekistan's capital Tashkent on May 17, hosted the Caspian Energy Investment Forum chaired by Caspian Energy Club and Caspian Energy Uzbekistan as part of a series of celebrations in 20 countries to mark the 100th anniversary of national leader Heydar Aliyev, media reports.
The event focused on Uzbekistan's investment potential, particularly in logistics, free economic zones, and the "New Tashkent" project. Other topics, such as the digital economy, IT projects, agriculture, industry, green energy transit, energy security, intermediate corridors, and import and export opportunities, were also discussed.
The forum welcomed representatives from government structures, diplomatic and international missions accredited in Uzbekistan, and top managers of public and private companies from the Caspian, Black Sea, and Baltic regions. In addition, the 9th International Caspian Business Award ceremony took place, and a memorandum was signed between Destec Group and UZTEXTIL.
The Uzbekistan government has made significant progress in recent years to improve the investment climate and support foreign investors by introducing numerous concessions and preferences, simplifying business registration procedures, and reducing tax rates and customs duties.
Currently, 9,000 enterprises with foreign capital operate in Uzbekistan, and 700 investment projects are under implementation.
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