The Tashkent International Investment Forum convened a diverse array of stakeholders from 93 countries, spanning government officials, politicians, economic experts, investors, businessmen, and journalists. One of the focal points of discussion was the panel session titled "Investment Opportunities in Mining Sector," where leading specialists delved into the priorities and challenges confronting mining projects.
Moderated by Michael Opagi, manager at the International Finance Corporation (IFC), the panel boasted an esteemed lineup of participants including:
- Abdulla Abdukadirov, First Deputy General Director, Agency for Strategic Reforms under the President of the Republic of Uzbekistan
- Gerard De Hert, CEO of In2Metals
- Emre Kayisoglu, CEO of Esan Eczacibasi
- Nikolas Flotte, Vice President of Orano Mining
- Natalia Lacorzana, Director, Head of Natural Resources at the European Bank for Reconstruction and Development (EBRD)
- Azam Kadirhujaev, First Deputy Minister of Mining Industry and Geology of Uzbekistan
Natalia Lacorzana of EBRD emphasized the imperative of harnessing information technology to enhance the efficiency of mining operations, underscoring the significance of utilizing information resources optimally.
The session underscored the necessity for a holistic evaluation of all pertinent factors to ensure the efficacy of investments in mining ventures. Discussions also revolved around risk assessment methodologies and the appraisal of investor prospects across various stages of project implementation.
Expressing contentment with the conducive investment environment in Uzbekistan, Gerard De Hert of In2Metals remarked;
"We found a lot here. When we first came here, we had no information about why, where, and how much investment was possible. But, first of all, we found the ministry that supports us, the community, and whenever we needed money for the development in the mining industry, we found the Ministry of Finance very helpful."
Participants further elaborated on the determinants shaping investment allure within the sector and the decision-making processes. Azam Kadirhujayev, First Deputy Minister of Mining Industry and Geology of Uzbekistan emphasized the multitude of investment opportunities available in Uzbekistan, coupled with diverse tax incentives and abundant mineral resources.
The session culminated in a consensus on the imperative of fostering an enabling environment to attract investments into the mining industry, laying the groundwork for constructive engagement and collaboration among stakeholders.
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