The meeting between Saudi businessman Bassam Al-Saadi and representatives from the Consulate General of Uzbekistan in Jeddah marked a significant step in attracting foreign investments for Uzbekistan's tourism infrastructure development. The discussions revolved around providing information to Al-Saadi about the ongoing transformations and reforms in Uzbekistan, showcasing the country's commitment to fostering a conducive business environment.
Al-Saadi expressed his eagerness to strengthen his business ties with Uzbekistan, citing plans to invest $3 million in the creation of a tourist centre in Fergana. This ambitious project encompasses the construction of 5 large villas, 9 medium-sized villas, 15 small villas, a shopping centre, and a children's playground. Such an investment holds great potential for enhancing the tourism sector in Fergana and contributing to the overall economic growth of the region.
The willingness of foreign investors like Al-Saadi to engage in significant ventures demonstrates the increasing confidence in Uzbekistan's business potential and the attractiveness of its tourism industry. The country's ongoing reforms and dedication to creating a favourable investment climate have evidently piqued the interest of international entrepreneurs.
The collaboration between the Saudi businessman and Uzbekistan exemplifies the mutual benefits of fostering cross-border partnerships. It not only showcases the growing bilateral ties between the two countries but also highlights the potential for further economic cooperation and exchange.
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