$26.6
billion: the total amount of signed agreements, which is
141.8% higher as compared to the results of the last years'
Forum.
$4.85
billion: the largest agreement, signed within the
framework of The Forum with ACWA Power.
$2.5
billion: the mandate of the International Islamic Trade
Finance Corporation (ITFC) for the implementation of the historic
program "Trade Connect Central Asia+" (TCCA+), which was announced
during the Forum.
2,500+ participants from 93
countries
TASHKENT, Uzbekistan, May 8, 2024
/PRNewswire/ -- The Ministry of Investment, Industry and Trade of
the Republic of Uzbekistan is
delighted to share the strong results of the third Tashkent
International Investment Forum that took place from 2 to 3 May.
This year, The Forum was attended by a record number of
participants: 2,500+ from 93 countries around the world. Within the
framework of the Forum, agreements were signed totaling
$26.5 billion, which is 141.8% higher
than the results of last years' Forum ($11
billion).
Agreements were signed in various sectors: from renewable energy
and digital technologies to textiles and agriculture, among
others.
The largest agreement was signed with ACWA Power (Saudi Arabia) and involves the construction of
wind power plants capable of generating power to around 4.5 million
houses in Uzbekistan per year.
This project is worth $4.85
billion.
Moreover, agreements were signed on the implementation of the
following investment projects:
- "Data Volt" (Saudi Arabia):
construction of urban infrastructure in "New Tashkent" with total
project amount of $1 billion, as well
as a data center amounting $3
billion.
- "Amea Power" (UAE): wind power
station project with a capacity of 1000 MW in the Republic of
Karakalpakstan, totaling $1.1
billion.
- "Saudi Tabrid" (Saudi
Arabia): heating system modernization projects in Nukus,
Fergana, and Kuvasay totaling $750
million.
- "Nil Shugar" (Egypt):
sugar beet cultivation and production project in the Jizzakh region
totaling $500 million.
- "Shanghai Knud International" (China): textile and sewing production in
Namangan region totaling $205
million.
- "Wilmar International" (Singapore): food production project in
Tashkent region totaling
$200 million.
In addition, agreements were reached at the Forum with a number
of major global companies, such as "Orascom Investment"
(Egypt), "Sayar" (USA), "Goldwind", "Sinoma" (China), "Sam
Yapi" (Turkiye), "Pasha Development" (Azerbaijan) "Lasselsberger" (Austria) and "Petrosat Chexelsoton"
(Iran)
Also, as a result of the Forum, an agreement was signed with the
International Islamic Trade Finance Corporation (ITFC) for the
implementation of the "Trade Connect Central Asia+" (TCCA+)
program, aimed at significantly increasing the volumes and shifting
the structure of trade between the countries of Central Asia and Azerbaijan. The ITFC's mandate for the
implementation of this program amounts to $2.5 billion. The project's ultimate objective is
to increase the share of regional exports of non-mining and
non-oil-and-gas products among the 6 countries of the region to 23%
within 5 years.
Following the Forum's results, the Minister of Investment,
Industry and Trade of Uzbekistan,
Laziz Kudratov, remarked: "In three years of holding The Forum,
this year's event has been the most successful – and the level of
discussion as well as the quantity and value of signed agreements
showcase this. Also, most importantly, the opening speech of the
President of Uzbekistan, which
began the Forum, confirmed to existing investors in the country the
wisdom of their decision, and served to persuade potential
investors of the compelling attractiveness of the New Uzbekistan:
the big country with big opportunities. We are open to cooperation
and look forward to welcoming investors – for whom we are creating
a positive environment in which they can create value for their
businesses and for the people of Uzbekistan".
View original
content:https://www.prnewswire.com/news-releases/the-third-tashkent-international-investment-forum-showcases-uzbekistans-investment-potential-after-26-6-billion-in-agreements-successfully-signed-302139908.html
SOURCE Ministry of Investment, Industry and Trade of
Uzbekistan