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The Islamic Development Bank (IsDB) and the Government of Uzbekistan signed an agreement for a $202 million project aimed at developing agricultural mechanization.

The entire project will be financed by the IsDB. The agreement was signed in Bangkok on October 15, 2026, during the annual meetings of the World Bank Group and the International Monetary Fund.

The agreement resulted from a meeting between the Chairman of the IsDB Group, Muhammad Al Jasser, the CEO of the International Trade and Finance Corporation (ITFC), Adib Yusuf Al Aama, and the Deputy Prime Minister and Minister of Economy and Finance of Uzbekistan, Jamshid Kuchkarov.

The goal of this project is to expand access to modern agricultural machinery, which is highly efficient and adapted to local climatic conditions. It is expected that the project's implementation will increase agricultural productivity, improve resource utilization, and support the development of value chains in agriculture.

In addition to the signed agreement, participants discussed further areas of cooperation between Uzbekistan and the IsDB Group. Priority areas include transport, renewable energy, water resource management, healthcare, Islamic finance, support for small and medium-sized enterprises, human capital development, and trade finance.

The parties examined opportunities to expand joint efforts in these sectors to support Uzbekistan's economic transformation and promote sustainable growth. The Chairman of the IsDB Group, Muhammad Al Jasser, confirmed the bank's readiness to maintain close cooperation with the Government of Uzbekistan. This partnership is intended to contribute to Uzbekistan's long-term development priorities and advance inclusive and sustainable economic growth.

The company Voltamp Energy from Oman intends to develop projects for the production of high-voltage transformers and solar energy in Uzbekistan. The company views this country as a starting point for further expansion into the markets of other Commonwealth of Independent States (CIS) countries.

Discussions about these plans took place during a meeting between the President of Uzbekistan, Shavkat Mirziyoyev, and the Chairman of Voltamp Energy, Sayid Ayman Al Busaidi. These negotiations were held on the sidelines of the first meeting of the Investment Council for the Fuel and Energy Sector.

The parties discussed prospects for strengthening mutually beneficial cooperation and agreed on the implementation of current and new Voltamp Energy projects within a special roadmap.

In an interview with the channel O‘zbekiston 24, Al Busaidi noted that the meeting at the Investment Council opened up additional opportunities for the company. He added that the reforms being carried out in Uzbekistan have increased Voltamp Energy's interest in participating in the country's energy projects.

The company chairman stated that 'our company has developed a clear plan for future activities in Uzbekistan and CIS countries,' and that the meeting with Shavkat Mirziyoyev allowed him to discuss these plans.

During the negotiations, Al Busaidi also appealed to the president to support the introduction of new technologies, professional development of specialists, and the expansion of related services.

Mirziyoyev supported the proposed initiatives and instructed relevant agencies to finalize agreements, accelerate the implementation of programs, and ensure the necessary conditions for investors.

Al Busaidi characterized the meeting as a significant stimulus for Voltamp Energy's plans in Tashkent and other regions of Uzbekistan, as well as for its long-term goals of expanding into CIS markets. He also expressed gratitude for organizing the negotiations.

Representatives of the transport authorities of the Commonwealth of Independent States (CIS) discussed the development of international transport corridors, transport digitalization, and transport security issues at the 46th meeting of the CIS Coordination Transport Council, held in Astana.

According to the press service of the Ministry of Transport of Kazakhstan, this event took place parallel to the New Silk Road forum on October 15–16.

The session was chaired by the Minister of Transport of Kazakhstan, Nurlan Sauranbayev. Participants reviewed issues of personnel training, cooperation between transport administrations, as well as agreeing on common approaches to infrastructure development and increasing the efficiency of international transport.

After the conclusion of the meeting, the parties supported the decisions adopted on key areas of transport interaction.

Furthermore, within the framework of the forum, a separate meeting was held with the participation of representatives from Kazakhstan, Afghanistan, Uzbekistan, and Iran to discuss the prospects for developing the Trans-Afghan transport corridor. The participants agreed to continue working on this project.

Previously, Kazakhstan announced its intention to invest in the construction of railway infrastructure in Afghanistan. In September, the Ministry of Foreign Affairs of Kazakhstan reported that the company Integra Construction KZ is involved in the construction of the Khap-Gerat railway section, which has already been commissioned.