The key facts

  • For the second meeting of the business council, 54 agreements worth about $12 billion were prepared
  • Mirziyoyev announced the start of investments by Uzbek companies into the US economy
  • A program of trade, investment and technological cooperation through 2035 was proposed

Business council meeting in Samarkand

On October 19, the second meeting of the American-Uzbek Business and Investment Council opened in Samarkand. This was reported by the press service of the President of Uzbekistan. The event was attended by Shavkat Mirziyoyev, US Secretary of State Marco Rubio, Special Envoy of the US President Sergio Gor, as well as representatives of leading American companies and banks.

Package of agreements worth $12 billion

For the meeting, the parties prepared a package of 54 agreements and promising initiatives worth about $12 billion. To implement them, a comprehensive action program is planned to be developed. Mirziyoyev noted that hundreds of companies with American capital operate in Uzbekistan, cooperating in industry, energy, transport, agriculture, education and new technologies.

Priority areas and a new model of working with investors

Among the priority areas of cooperation, the president named the extraction and deep processing of critically important minerals, the development of energy, the creation of data centers, the implementation of artificial intelligence and digital solutions, as well as education and personnel training. Uzbekistan intends to move to a model of working with investors on a plug and play basis: entrepreneurs will be offered projects with ready-made sites, connected infrastructure, permits and documents. Uzbek companies will be able to act as partners and share investment risks through the established Direct Investment Fund.

Statement on investments in the US and proposal of a program through 2035

Mirziyoyev stated that Uzbek companies are beginning to invest in the US economy. He also proposed developing a program of trade, investment and technological cooperation between Uzbekistan and the US through 2035. Earlier, Spot reported that Uzbekistan and the US signed 54 agreements worth $12 billion.