On August 28, Laziz Kudratov, the Minister of MIIT, engaged in discussions with Mahmud El-Essawi, the Executive Director of "Hassan Allam Holding." The talks centered around the company's expertise, investment opportunities, and potential collaborative projects in crucial sectors of Uzbekistan's economy.
The conversation between Minister Kudratov and Executive Director El-Essawi primarily revolved around "Hassan Allam Holding" company's experience and its potential role in attracting investments and jointly executing projects within significant sectors of the Uzbek economy. The exchange aimed to explore avenues for fruitful collaboration between the two entities.
About "Hassan Allam Holding"
Founded in 1936, "Hassan Allam Holding" stands as one of Egypt's major financial and industrial corporations. Over the past five years, it has successfully undertaken and completed 70 projects across Middle Eastern and African nations. The company has gained notable recognition, earning a spot on Forbes' list of the top 100 Arab family businesses. With substantial assets totaling 8 billion dollars and a workforce of 45,000 employees, the company has established itself as a significant player in the industry.
Egyptian prospects
The Egyptian delegation conveyed appreciation for the transformative changes undertaken in Uzbekistan over recent years. This positive sentiment was coupled with a genuine willingness to engage in collaborative endeavors. The discussions centered on potential cooperation in key sectors, including energy, water supply, as well as the production of metal and chemical goods.
The meeting concluded with a mutual agreement to facilitate a visit by the CEO of "Hassan Allam Holding" to Uzbekistan. The purpose of this visit will be to formalize and sign a Joint "Roadmap" for investment projects. This critical step will mark the initiation of efforts to translate the discussed agreements into concrete actions on the ground.
Earlier Daryo reported that Uzbekistan obtained its twelfth batch of anti-hepatitis C drugs from Egypt on August 12. The shipment includes 1,280 units of "Daclatasvir-60 mg" medication, divided into 80 boxes.
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