A meeting took place in Tashkent between Aziz Abdukhakimov, Advisor to the President of Uzbekistan on environmental issues and Chairman of the National Committee on Climate Change, and Omar N. Al-Midani, President and CEO of Vision Invest. The goal of the negotiations was to discuss measures aimed at accelerating the implementation of an investment project for the recycling of hazardous industrial waste.
The main focus of the conversation was on the possibilities of implementing modern, environmentally safe technologies for processing hazardous waste in Uzbekistan, which complies with international standards. The parties examined in detail the technical, financial, and organizational components of this project.
The participants exchanged views on the practical implementation of the initiative and agreed on the need to take further phased steps to launch the project. Furthermore, the preparation of all necessary documentation, information exchange, and coordination of joint work were discussed.
It was noted that this project will allow for the creation of a modern system for the safe collection, transportation, treatment, and recycling of hazardous industrial waste. It is expected that the project's implementation will help reduce the negative impact of hazardous waste on the environment and public health, while also promoting the development of infrastructure for environmentally safe waste management in Uzbekistan. At the end of the meeting, the parties reaffirmed their commitment to continuing cooperation and intensifying joint efforts to fulfill the agreements reached.
According to the three-year Fiscal Strategy, Uzbekistan aims to achieve an average annual growth in industrial production of at least 6.5–7% between 2027 and 2029. This growth will be ensured by implementing large-scale investment projects in sectors such as metallurgy, automotive manufacturing, electrical engineering, and power generation.
Five major projects totaling $1.2 billion USD are planned in the metallurgy sector for implementation at the Navoi Mining and Metallurgical Combine over the next three years. Additionally, four projects valued at $2.5 billion are provided for the Almalyk Mining and Metallurgical Complex.
The automotive industry is expected to increase light vehicle output by 1.5 times, reaching 700,000 units annually. Regarding the electrical engineering sector, it is planned to create 121 new high-tech production facilities with a total cost of $3.3 billion USD. As a result of this development, copper processing volume will increase by 1.3 times, exceeding 145,000 tons, and electric product output will increase by 1.4 times, while the added value share of the sector will rise from 21% to 30%.
In the power generation field, an additional capacity of 11.7 GW is planned to be commissioned by 2028. This capacity includes 5.4 GW of wind and 2 GW of solar power plants, as well as 3.7 GW of modern thermal power plants and energy storage systems with a capacity of 560 MW. Electricity generation is projected to reach 108.5 billion kWh. In addition to industry, market services are expected to grow annually by 14.3–15%, becoming a key driver of economic growth alongside industry, which is forecast at 6.9–7.4% in 2027–2029.
The Minister of Investments, Industry and Trade of Uzbekistan, Laziz Kudratlov, held a meeting with the Ambassador of Kuwait to Uzbekistan, Turki Khalid Hamad Al-Mikrad, on July 14, 2026.
During the negotiations, both sides focused on the further development of trade, economic, and investment interaction, as well as the implementation of new joint projects.
Officials reviewed ways to increase bilateral trade, promote Uzbek products in the Kuwaiti market, organize business missions and exhibitions, and strengthen ties between the business communities of the two countries.
The meeting identified promising areas for cooperation, including the banking and financial sector, agriculture, healthcare, pharmaceuticals, industry, and services. Special attention was paid to interaction with the Kuwait Fund for Arab Economic Development regarding the financing of infrastructure and logistics projects.
Furthermore, the parties discussed preparations for holding an Uzbek-Kuwaiti business forum and activating the work of the Intergovernmental Commission. The third meeting of this commission is scheduled to take place in Uzbekistan in the autumn of 2026.
