Uzbekistan, Russia to develop mutual trade, create joint industrial parks

By Ben Aris in Berlin July 10, 2024

Uzbekistan and Russia have announced plans to further develop mutual trade and create joint industrial parks, according to the Russian trade mission in Uzbekistan.

Russian Industry and Trade Minister Anton Alikhanov and Uzbekistan’s Minister of Investment, Industry and Trade Laziz Kudratov met on the sidelines of the "Innoprom-2024" industrial exhibition currently taking place in Yekaterinburg.

"The parties discussed the creation of a joint investment platform, further development of cooperation in the field of retail trade, and the creation of joint industrial parks in Uzbekistan," the trade mission's statement said.

Currently, two joint industrial parks are operational in Uzbekistan, located in the Tashkent and Jizzakh regions. Plans for 2024 include the launch of two additional industrial zones in the Navoiy and Bukhara regions. "Preparations are underway for the construction of infrastructure facilities, and a list of residents is being formed," the press service added.

This initiative marks a significant step in strengthening economic ties between the two nations, fostering investment opportunities, and enhancing industrial cooperation.

 

 

 

Related Articles

Russian T-Bank to fully integrate merged Rosbank

Russia’s only pure online bank T-Bank (former Tinkoff, controlled by TCS Holding) will fully integrate its peer Rosbank after ... more

Moscow “hopes” Putin visit to Turkey is upcoming, report speculates Kremlin leader wants to make trip accompanied by Russian fighter jets

Kremlin spokesman Dmitry Peskov said on September 11 that Moscow hopes Russian President Vladimir Putin can pay a visit to Turkey for talks with Turkish President Recep Tayyip Erdogan once ... more

Russia looks to further expand influence in Africa through fresh Kremlin-controlled campaign

Russia is intensifying its influence campaign in Africa through a newly established media organisation called the African Initiative, which has taken over structures left by the disbanded Wagner ... more

Dismiss