Uzbekistan and the United Arab Emirates signed 15 agreements that will bring the total investment from UAE into Uzbekistan to $1.5bn by the end of 2025.
The event in Abu Dhabi was led by Laziz Kudratov, Uzbekistan’s Minister of Investment, Industry, and Trade, and Suheil Mohamed Al Mazrui, the UAE Minister of Energy and Infrastructure took place on January 13.
Details of the Agreements
The 15 agreements span a range of strategic sectors, including renewable energy, healthcare, agriculture, infrastructure, transportation, and logistics. Key partnerships were formalized with leading UAE companies such as AMEA Power, Masdar, Solar Power Shine, M42, Burjeel Holdings, IFFCO Group, TWS, Alserkal Group, Metito, AD Ports, Jetex, and Emirates Group.
These projects reflect a significant expansion in bilateral cooperation, building on the achievements of the Uzbekistan-Emirates Investment Company, which currently manages a $200 mn portfolio. This portfolio includes seven active projects worth $192.5 mn in medicine, geology, agriculture, and tourism, with an additional nine projects valued at $140 mn under development.
Strengthening Ties
Since 2021, mutual trade turnover between the UAE and Uzbekistan has grown by over 20% annually, reaching nearly $650 mn in 2024. In 2023, $1.08 bn was allocated for investment projects in Uzbekistan, and the new agreements are expected to push 2024’s total investment figure beyond $1.5 bn.
With 337 enterprises with UAE capital already operating in Uzbekistan—including 114 joint ventures—the agreements signed further solidify an already robust partnership. Both sides pledged to continue leveraging their economic potential to explore new areas of collaboration.
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