IT Park Uzbekistan, IT Park Ventures, and the Hong Kong-based venture fund Roselake Ventures signed a tripartite memorandum of understanding. This document aims to develop cooperation in the field of venture investments between Uzbekistan, China, and Central Asia.
The agreement was concluded following a meeting between the CEO of IT Park Uzbekistan, Azamat Karamotov, and the General Partner of Roselake Ventures, Linxi Zhang, during an official delegation trip to Hong Kong.
The document establishes a system for exchanging investment proposals, creating joint investment opportunities, and supporting the exit of startups from portfolios into the markets of both countries. Furthermore, the parties plan to utilize their international partner networks to connect startups, investors, strategic partners, and other participants in innovation ecosystems.
The signing of the memorandum is based on discussions that began at the TakeOFF Istanbul event. As part of this cooperation, Roselake Ventures will assist Uzbek startups in entering international markets. In turn, IT Park Uzbekistan will provide comprehensive support to companies in the fund's portfolio when entering the Uzbek market through its Soft Landing program. This program includes assistance with business localization, partner search, and establishing business contacts.
Roselake Ventures, founded in 2021 and based in Hong Kong, is an early-stage fund that invests in technology startups in emerging markets. The fund specializes in projects in areas such as financial technology, SaaS, e-commerce, logistics, healthcare, and climate technologies, actively promoting international interaction between startup ecosystems.
According to IT Park Uzbekistan, this agreement is aimed at strengthening interaction between the innovation ecosystems of Uzbekistan and China, expanding opportunities for investors and startups, and promoting international technological entrepreneurship.
The Minister of Energy of Uzbekistan, Yurabek Mirzamakhmudov, held a meeting with a delegation from the Japan Chamber of Commerce and Industry (KEIDANREN), led by Chairman Takeshi Hashimoto. During the negotiations, the parties discussed the further development of cooperation in the energy sector and the implementation of new joint projects.
The meeting was also attended by the Ambassador of Uzbekistan to Japan, Muksin Abdurakhmonov, as well as representatives from companies such as Shimizu Corporation, Sumitomo Corporation, Sojitz Corporation, Mizuho Bank, Mitsubishi Heavy Industries EMEA, Marubeni Corporation, and ITOCHU Corporation.
Participants emphasized that following the official visit of the President of Uzbekistan to Japan from December 18 to 20, 2025, bilateral interaction has reached a qualitatively new level. In their opinion, this visit served as an additional stimulus for developing the partnership, particularly contributing to increased Japanese investment in Uzbekistan's energy sector, especially in renewable energy projects.
The parties highly praised the results of long-term cooperation. According to the Ministry of Energy, 14 major energy projects have already been implemented in Uzbekistan with a total volume of 5.6 billion US dollars involving Japanese firms. Six more projects worth 2.6 billion dollars are currently under implementation, and seven promising projects totaling 7.7 billion dollars are being prepared.
During the meeting, special attention was paid to new areas of cooperation. Specifically, discussions covered the construction of main power transmission lines and substations using the EPC+F model, increasing energy efficiency through the electrification of gas transport system compressor stations, developing green hydrogen production technologies, creating infrastructure for electric vehicle charging, and implementing modern technical standards and advanced Japanese experience in energy efficiency.
Furthermore, participants reviewed issues related to integrating renewable energy sources into the national power grid, as well as personnel training and experience exchange in managing modern energy systems. At the conclusion of the negotiations, Uzbekistan and Japan reaffirmed their intention to continue strengthening strategic partnership in the energy sphere and ensuring the consistent implementation of mutually beneficial joint projects.
The Minister of Investment, Industry and Trade of Uzbekistan, Laziz Kudratov, held a series of meetings in Tbilisi on June 30 and July 1, 2026. The goal of these negotiations was to develop practical economic cooperation between Uzbekistan and Georgia ahead of an upcoming high-level official visit.
During discussions with the Minister of Economy and Sustainable Development of Georgia, Mariam Kvirivishvili, both sides agreed on further steps to expand bilateral interaction. An agreement was reached to prepare a number of documents for signing aimed at strengthening ties in the fields of trade, investment, transport, and logistics. Furthermore, the parties agreed to hold the eleventh meeting of the Intergovernmental Commission in Georgia this autumn.
The Head of the Ministry of Investment, Industry and Trade of Uzbekistan also held talks with the management of 22 Georgian companies and organizations. As a result of these meetings, agreements were concluded on the implementation of projects in sectors such as industry, construction, logistics, pharmaceuticals, agriculture, energy, the oil and gas sector, and the production of building materials.
Significant attention was paid to the issue of financial support for joint ventures. Within the discussions, the further development of TBC operations in Uzbekistan, the creation of an investment platform to attract funds from international funds, and the formation of a fund to support industrial cooperation projects were considered.
Uzbekistan and Georgia have reached an agreement to expand interaction in the agricultural field. These agreements were concluded during a working trip of the Uzbek delegation to Georgia, led by Deputy Minister of Agriculture Kakhramon Yuldashev.
During the visit, a meeting took place between Kakhramon Yuldashev and the Deputy Minister of Agriculture of Georgia, Lashe Dolidze. The parties discussed the potential for joint work in areas such as viticulture, winemaking, olive cultivation, combating land degradation, and digitalization of water resource management.
As a result of the negotiations, preliminary agreements were reached on the formation of a joint working group under the ministries of agriculture of both countries. It is planned that the first meeting of this group will take place on the territory of Uzbekistan.
Participants in the meetings expressed confidence that the reached agreements will contribute to the development of practical cooperation in the agrarian sector and expand the exchange of experience between Uzbekistan and Georgia.
