Kuwaiti companies were invited to participate in the privatization of more than a thousand state-owned enterprises in Uzbekistan
At the business forum held in Tashkent, Kuwaiti companies were invited to participate in the privatization program of more than a thousand state-owned enterprises in Uzbekistan, as well as to consider opportunities to participate in the development of the logistics infrastructure of Uzbekistan. Possibilities of developing cooperation in such fields as mining, energy, textiles, agriculture and healthcare were also discussed.
A business forum dedicated to the development of economic cooperation between Uzbekistan and Kuwait was held in Tashkent, reports uzdaily.uz.
Speaking at the forum, the Deputy Minister of Investments, Industry and Trade of Uzbekistan Akram Aliev noted that joint projects are being implemented with Kuwaiti companies in the areas of health care, agriculture, and tourism. Aliev expressed confidence that the cooperation between Uzbekistan and Kuwait will open up wider opportunities for expansion , investment and joint initiatives covering new sectors.
During the forum, opportunities for developing cooperation in fields such as mining, energy, textiles, agriculture, logistics and healthcare were discussed. Special attention was paid to the investment opportunities opening up for Kuwaiti entrepreneurs in Uzbekistan, including the participation of more than a thousand state companies in the privatization program. This program is seen as a strategic step towards strengthening the country's economy and attracting foreign investments.
Kuwaiti partners were invited to consider the possibilities of participation in the development of logistics infrastructure of Uzbekistan. During the presentations, it was emphasized that transport and logistics opportunities have the potential to turn Central Asia into an important global trade center connecting Europe and Asia. This, in turn, created new directions of international trade and opened additional prospects for economic growth in the region .
Forum participants noted the importance of strengthening bilateral trade relations and expressed their readiness to actively exchange experience and technologies. Proposals were made to increase the volume of mutual trade, to establish new joint ventures in various sectors of the economy.
In this way, the business forum in Tashkent has become an important place for discussing and determining future steps in the development of mutually beneficial partnership between Uzbekistan and Kuwait. The parties expressed confidence that cooperation in important sectors of the economy will continue to expand, will serve the sustainable development of both countries and strengthen their position in the international arena, the report says .
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