Deals totaling $26.6 billion were inked at the 3rd edition of the Tashkent International Investment Forum, the press service of the Ministry of Investment, Industry and Trade said.
In 2023, 167 documents worth $11 billion were signed within the forum, and in 2022 – $7.8 billion.
In particular, agreements were reached on the implementation of the following projects:
- Data Volt from Saudi Arabia to build urban infrastructure in New Tashkent city worth $1 billion, and to set up a green data center worth $3 billion;
- another Saudi company, Acwa Power, to build a 5 GW wind farm in Karakalpakstan and will erect 2 GW of electricity storage devices worth total $6.2 billion;
- UAE’s Amea Power to build 1,000 MW wind farm in Karakalpakstan worth $1.1 billion;
- Saudi Tabrid from Saudi Arabia will begin modernizing the heat supply system in Nukus, Fergana and Kuvasay worth
- Nil Shugar from Egypt will cultivate sugar beets and sugar production in the Jizzakh province for $500 million;
- Chinese Shanghai Knud International to implement a project for the of textile and RMG unit in Namangan province for $205 million;
- Wilmar International (Singapore) to produce food products and confectionery products in the Tashkent province for $200 million.
In addition, deals were reached at the forum with such companies as Orascom Investment (Egypt), Bonafarm Group (Hungary), Sayar (USA), Goldwind, Sinoma (China), Sam Yapi (Turkey), Pasha Development (Azerbaijan), Lasselsberger ( Austria), Petrosat Chexelsoton (Iran) on the implementation of new investment projects worth $6.6 billion.
The event was attended by more than 2,500 delegates from 93 countries.
One of the key events of the forum was the presentation of provincial energy projects (construction of Kambarata HPP-1 and Yavan HPP) to foreign investors. The presentation took place with the participation of the prime ministers of Uzbekistan and Kyrgyzstan.
The event included a program of panel sessions, discussions, business breakfasts and round tables. The central topic was the role of the state, investors and entrepreneurs in supporting small and medium-sized businesses.
On May 2, on the first day of the Tashkent International Investment Forum, Shavkat Mirziyoyev outlined the planned measures to strengthen the protection of investor rights in Uzbekistan: the adoption of the Investments Law in a new edition in line with the WTO standards, the start of work in the country of the International Commercial Court and doubling the lease term lands for foreign investors.
