London hosts business forum dedicated to Uzbekistan’s trade-economic potential 

The event was attended by heads of industry companies of Uzbekistan, such as Navoi MMC JSC, Uzbeksteel JSC, Uztelecom JSC, as well as representatives of Aloqa Bank, Ipak Yuli Bank, Agrobank, Businessni Rivojlantirish banki and others. Representatives of more than 50 companies, banks and financial institutions were present from the British side.

In his speech, the ambassador informed about the course of reforms of New Uzbekistan in the field of economic liberalization and the positive dynamics of bilateral cooperation. He emphasized the existence of untapped potential for enhancing interaction. There has been a growing interest of British companies in working with Uzbekistan in sectors such as renewable energy, mining, agriculture, banking and finance, education, etc.

Representatives of the UK Ministry of Business and Trade noted that today Uzbekistan opens up wide opportunities for foreign companies. The country is going through intensive modernization processes in almost all sectors of the economy, large-scale privatization of state-owned enterprises has begun, and large infrastructure projects are being implemented in sectors such as railways, road transport, airport construction, and green energy.

Participants of the event noted that in recent years the investment climate in Uzbekistan has improved significantly and the interest of international companies in doing business in the country is growing. In this context, a number of companies informed about their intention to participate in the business forum within the framework of the meeting of the Uzbek-British Trade and Industry Council (UBTIC), which is scheduled for autumn in Tashkent.