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    Uzbekistan

    Vision Invest expands joint projects and opens regional office in Tashkent, Uzbekistan

    Vision Invest expands joint projects and opens regional office in Tashkent, Uzbekistan

    In a significant development highlighting the growing collaboration between Uzbekistan and Saudi Arabia, Vision Investment Company is set to open a regional representative office in Tashkent. The announcement follows successful talks held on November 9 between Laziz Kudratov, the Minister of Investments, Industry, and Trade of the Republic of Uzbekistan, and Omar N. Al-Midani, the President and Chief Executive Officer of Vision Investment Company.

    Vision Invest expands joint projects and opens regional office in Tashkent, Uzbekistan
    Photo: Vision Invest expands joint projects and opens regional office in Tashkent, Uzbekistan 
    Source: Government portal of the Republic of Uzbekistan

    During the meeting, the Saudi Arabian delegation expressed high appreciation for the positive changes witnessed in Uzbekistan over recent years. The decision to establish a regional office in Tashkent on November 10 reflects Vision Investment Company's commitment to efficiently oversee the implementation of joint projects in the region.

    Vision Invest expands joint projects and opens regional office in Tashkent, Uzbekistan
    Photo: Vision Invest expands joint projects and opens regional office in Tashkent, Uzbekistan 
    Source: Government portal of the Republic of Uzbekistan

    Among the key outcomes of the discussions were agreements to initiate new investment projects in crucial sectors such as energy, infrastructure development, telecommunication technologies, and the sustainable utilization of water resources. These ventures are expected to further strengthen the economic ties between the two nations.

    Vision Investment Company, founded in 2002, manages assets valued at an impressive $96bn. The company, a shareholder of ACWA Power, holds a leadership position in Public-Private Partnership (PPP) projects within Saudi Arabia, the UAE, and Oman.

    Vision Invest expands joint projects and opens regional office in Tashkent, Uzbekistan
    Photo: Vision Invest expands joint projects and opens regional office in Tashkent, Uzbekistan 
    Source: Government portal of the Republic of Uzbekistan

    The joint commitment expressed during the talks signals a new phase of collaboration, showcasing mutual readiness to actively cooperate and undertake large-scale measures for the successful implementation of the agreed-upon projects. This collaboration is poised to contribute significantly to the economic development of both countries.

     

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    10.11.2023, 11:39   Comments (0)   2835
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