Uzbekistan is keen on attracting Qatari company Al Miqrab Capital to implement a project in the logistics sector. This was revealed during negotiations between the Ministry of Investment, Industry and Trade of Uzbekistan, the Tashkent administration, and the Qatari company, Dunyo reports.
Proposed logistics center in Yangihayot district
The virtual meeting discussed a proposal for a logistics center project in the capital’s Yangihayot district. The district is already home to a new industrial technology park. The parties agreed to finalize the terms of the project by the end of January 2024.
About Al Miqrab Capital
Al Miqrab Capital, founded in 1993, owns 20 large hotel complexes, including Four Seasons, The Ritz Carlton, and InterContinental, in the USA, Europe, and the Middle East. The company’s assets amount to $8bn, and it employs 14,000 people. In collaboration with the Chinese company Power China, it launched a thermal power plant with a capacity of 1.3 GW in Pakistan.
Qatar-Uzbekistan relations
Relations between Qatar and Uzbekistan are friendly and developing. Both countries maintain diplomatic relations that cover cooperation in areas such as trade, investment, culture, and education. They are also working together to strengthen economic ties and exchange experiences in various fields.
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