Uzbekistan and KEXIM Discuss $3.6 Billion Project Portfolio

Representatives of state bodies and business circles from Uzbekistan and Kyrgyzstan discussed opportunities for partnership in the field of pharmaceuticals, industrial cooperation, and joint investment projects. The event took place as part of the Uzbekistan-Kyrgyzstan Business Forum held in Bishkek.

A panel session dedicated to healthcare and pharmaceuticals was organized within this forum. During the session, a representative of the Agency for the Development of Medical and Pharmaceutical Industry of Uzbekistan presented information on the investment potential of the country's pharmaceutical sector.

Forum participants received information about current investment projects being implemented in Uzbekistan, as well as about state support measures, the investment climate, and opportunities provided by free economic zones. Furthermore, reforms aimed at developing the pharmaceutical industry were presented.

During the discussion, the parties also exchanged views on expanding cooperation between Uzbekistan and Kyrgyzstan in the field of drug production, technology transfer, and the implementation of joint initiatives.

The Ministry of Investments, Industry and Trade of Uzbekistan held negotiations on July 29 with a Chinese delegation. The delegation was headed by Zhang Xue, Director of the Center for Innovative Education and Real Estate Research, and the Deputy Chairman of the Industrial Cooperation Department of the China Real Estate Association.

Discussion of Potential and Projects

The Chinese group included representatives from Chinese companies operating in the fields of construction and real estate, glass production, manufacturing of door and window systems, and interior design. During the meeting, the parties discussed Uzbekistan's investment potential, opportunities for exporting products of local manufacturers of building materials, and prospects for joint project implementation.

Infrastructure and Next Steps

Members of the Chinese delegation were also presented with information about land plots available for investment initiatives, as well as existing transport and engineering infrastructure. At the conclusion of the negotiations, an agreement was reached on further joint development of investment initiatives and the promotion of practical implementation of promising projects.

The Foreign Minister of Uzbekistan, Bakhtiyor Saidov, held a telephone conversation with the Foreign Minister of India, Subrahmanyam Jaishankar, on July 20. During the discussion, the sides addressed areas of bilateral cooperation as well as upcoming contacts at the highest and high levels.

Development of Relations

Both ministers noted that relations between Uzbekistan and India, based on strategic partnership, are steadily developing in all key areas.

Future Cooperation

Furthermore, the heads of the foreign ministries exchanged views regarding the schedule of future bilateral events and considered the possibility of further strengthening interaction within international organizations.