Uzbekistan plans to expand cooperation with U.S. investment holding company Eldridge Industries in mining, metallurgy, construction and digital solutions for urban infrastructure, following a meeting between President Shavkat Mirziyoyev and the company’s co-founder, chairman and CEO Todd Boehly on October 23, the presidential press service reported.
The meeting focused on prospects for implementing major joint projects with the U.S. company and identifying priority areas for further cooperation.
The two sides agreed to develop a joint roadmap to advance cooperation across multiple sectors.
Eldridge Industries is a U.S. investment holding company with interests in asset management, insurance, real estate, infrastructure, technology, sports and media. The company has more than $75bn in assets under management.
Source: Presidential Press Service
The meeting comes as Uzbekistan seeks to turn growing engagement with U.S. businesses into concrete investment projects. At the second meeting of the U.S.-Uzbekistan Business and Investment Council, Presidential Administration head Saida Mirziyoyeva urged American companies to present specific projects and pledged direct government contacts to help resolve business issues, emphasizing that bilateral economic cooperation should deliver tangible benefits for both countries.
Recently, Uzbekistan signed 54 trade, investment and technology cooperation agreements with U.S. partners worth a potential $12bn. The agreements, reached during business events in Samarkand involving a U.S. delegation, cover industry, infrastructure, critical minerals, finance, digital technologies, agriculture, healthcare and education.
Participating companies include GE Aerospace, Wabtec, Franklin Templeton, Citigroup, BlackRock, ReElement Technologies, Traxys and Trafigura.
During the C5+1 Business Forum, Uzbekistan also agreed to expand cooperation with U.S. commodities trading company Traxys and exchanged copies of a framework agreement with the Colorado School of Mines to strengthen investment, scientific and technological cooperation in the mining sector.
These agreements followed more than 30 meetings held by the Ministry of Mining Industry and Geology with international companies, financial institutions and educational organizations.