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Uzbekistan signs memorandum of cooperation with Korea Eximbank for project financing

A memorandum of strategic cooperation was signed between the Ministry of Investment Industry and Trade of Uzbekistan (MIIT) and the Export-Import Bank of Korea during the Asian Development Bank Annual Meeting held in Samarkand, as it was informed by press service of MIIT.

The signing ceremony was attended by Deputy Prime Minister Jamshid Khodjaev and Deputy Minister of Investment, Industry and Trade Shokhrukh Gulamov, while Yoon Hee-sung represented the Korean side.

The agreement outlines a framework for project financing in several priority sectors, including energy, digitalization, artificial intelligence, and green infrastructure. As part of its implementation, the parties agreed to establish a joint working group tasked with coordinating project development and financing activities.

According to the terms discussed, the Export-Import Bank of Korea will provide financial support mechanisms aimed at facilitating the expansion of Korean companies operating in the Uzbek market.

The discussions also referenced ongoing bilateral cooperation initiatives. These include the introduction of high-speed trains developed with Korean technology and supported through financing from the Economic Development Cooperation Fund. In addition, the integration of the local offices of KEXIM and KOTRA in Uzbekistan under the “K-Finance” framework was highlighted. This system is intended to provide Korean businesses with coordinated access to financial and market-entry support services through a single-window mechanism.

Today, 11:00

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