President Shavkat Mirziyoyev of the Republic of Uzbekistan met with Saif ur-Rahman Khan, the Executive Director of the renowned holding company, "Al Mirqab Capital," on October 1.
Al Mirqab Capital Holding, with its inception dating back to 1983, boasts ownership of a diverse portfolio of 20 major hotels across the United States, Europe, and the Middle East, operating under prestigious brands such as "Four Seasons" and "The Ritz Carlton." The company's substantial assets are valued at a staggering 8bn dollars, underscoring its prominence in the global hospitality sector.
The meeting between President Mirziyoyev and Saif ur-Rahman Khan primarily revolved around the exploration of prospects for cooperation, focusing on the development of the hotel infrastructure and tourism services within Uzbekistan. Additionally, discussions centered on the modernization of the logistics and energy sectors in the country, signifying a multifaceted approach to collaboration.
Among the notable investment plans discussed during the meeting, Al Mirqab Capital expressed its intentions to establish a cutting-edge logistics center in the Tashkent region. This initiative aims to enhance the efficiency and effectiveness of logistics operations within Uzbekistan, contributing to the nation's economic growth.
Furthermore, the company is contemplating the construction of a hotel-congress complex in the historic city of Bukhara, a move that holds substantial promise for the tourism sector in the region. Bukhara, renowned for its rich cultural heritage, is a popular tourist destination with immense potential for further development.
The collaborative efforts between Uzbekistan and Al Mirqab Capital are guided by a comprehensive "road map" that outlines the strategic implementation of investment projects. This roadmap serves as the foundation for the realization of various initiatives that will contribute to the nation's economic growth and development.
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