The second plenary session of Foreign Investors Council under the president of Uzbekistan convened on May 3 at the "Kuksaroy" residence, heralding a renewed commitment to fostering open dialogue and partnership between the government and foreign investors.
Distinguished attendees including Odile Renaud-Basso, President of the European Bank for Reconstruction and Development, and representatives from prominent international companies and financial institutions such as "Masdar," "Indorama," "ACWA Power," and the World Bank, gathered under the chairmanship of President Shavkat Mirziyoyev.
The Council, established to advise on crucial areas of investment, trade, technological innovation, and to facilitate an open exchange between Uzbekistan's government and foreign investors, has been pivotal in shaping the nation's economic landscape. President Mirziyoyev expressed gratitude for the Council's contributions to the development of a New Uzbekistan during his opening remarks, following the success of the third Tashkent investment forum.
Highlighting the current global economic challenges, President Mirziyoyev emphasized the importance of collaboration in navigating these complexities.
"In such a difficult situation, if we consult with you and take concrete practical steps, we will certainly achieve the high goals we are aiming for," remarked the president.
The president lauded the efforts of the working group, particularly in advancing investment and special free zone bills aimed at enhancing the investment climate. He underscored the importance of the ongoing investment policy analysis by the Organization for Economic Cooperation and Development, stating its role in shaping future investment mechanisms.
Identifying key priorities for the Council's future endeavors, President Mirziyoyev proposed the development of the capital market to attract domestic and foreign capital, promoting responsible business conduct, encouraging alternative investments through a new law on venture investments, and prioritizing the digitalization of investor-state interactions.
"I think it's time to develop and widely implement an excellent electronic platform for the implementation of all services between foreign investors and state bodies," asserted the president, emphasizing the need for efficient solutions to investor concerns.
The president expressed confidence in Uzbekistan's continued growth trajectory, attributing it to the support of the Council's members. In turn, attendees commended Uzbekistan's ambitious reform program and pledged their commitment to furthering mutually beneficial cooperation.
In closing, President Mirziyoyev assured that all initiatives and recommendations from the session would be diligently reviewed and implemented. The government was tasked with developing separate roadmaps for each proposed project, underscoring the administration's commitment to realizing the nation's economic potential.
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