The second day of the III Tashkent International Investment Forum showcased a flurry of activity, marking a stride towards bolstering Uzbekistan's economic landscape. With over 10 investment contracts inked, including agreements with prominent entities such as ACWA Power, Data Volt Information Technology Company, MUFG Bank, Masdar, Al Bawani Capital Company, and SWS, the event underscored the nation's appeal as an emerging investment destination.
Among the agreements was a pact between the Ministry of Digital Technology, the Ministry of Energy, and Data Volt Information Technology Company to construct a state-of-the-art data center employing green technology. The signing ceremony, attended by Minister of Investment, Industry, and Trade Laziz Kudratov and Data Volt Director Rajit Nanda, highlighted Uzbekistan's commitment to sustainable infrastructure development.
Equally significant was the accord between the Committee of Roads and Al Bawani Capital Company for the construction of the Syrdarya-Bakht bypass road and the refurbishment of the Tashkent to Samarkand thoroughfare, signaling a concerted effort to enhance the country's transportation network.
To modernize urban infrastructure, a memorandum was sealed for the construction and management of a cutting-edge heat supply system in New Tashkent. Bakhrom Rizaev, Deputy Director of the New Tashkent Construction Directorate, and Suliman Al Khliwi from Saudi Tabreed, a Saudi-based company, presided over the signing ceremony, marking a significant stride in urban development initiatives.
Further diversifying Uzbekistan's energy portfolio, an agreement was reached for the construction of a 127-kilometer high-voltage electric line, dubbed "Sarimoy-Jonkeldi," between Uzbekistan's national electric grid operator and Sara Energy Insaat Ticaret ve Sanayi and Sara Technology from Türkiye, highlighting the nation's commitment to energy infrastructure expansion.
Additionally, a power purchase agreement was solidified for the construction of a 1,000-megawatt wind power plant in the Republic of Karakalpakstan, underscoring Uzbekistan's ambition to embrace renewable energy sources and reduce reliance on conventional power generation methods.
Moreover, a memorandum was signed for the reconstruction of a thermal power plant and the adoption of regenerative technologies, signaling a move towards cleaner and more efficient energy production practices.
Amidst the flurry of agreements, commitments were also made to foster development across various sectors including industry, energy, pharmaceuticals, and automobile production, reflecting Uzbekistan's proactive approach to economic diversification and growth.
Local and foreign stakeholders alike hailed the signed agreements as pivotal milestones that would catalyze investment ties and foster international cooperation. Experts echoed this sentiment, emphasizing the transformative impact of such agreements on Uzbekistan's business landscape and the broader global investment community.
Follow Daryo's official Instagram and Twitter pages to keep current on world news.
Comments (0)