Photo: Press service of the Ministry of Investment, Industry and Trade
Uzbekistan and the US signed 54 agreements worth $12 billion. GE Aerospace will supply aircraft engines, Wabtec will help localize railway equipment production, and Franklin Templeton, Oppenheimer, Citigroup and BlackRock will help local companies access international capital markets.
During a visit by a US delegation to Uzbekistan on Monday, the two countries signed 54 agreements covering trade, investment and technological cooperation worth $12 billion, the press service of the Ministry of Investment, Industry and Trade announced.
The agreements cover industry, transport and energy infrastructure, critical minerals, the financial sector, digital technologies, agriculture, healthcare and education.
In the transport sector, GE Aerospace will supply engines for new aircraft for Uzbekistan Airways. Wabtec will help localize the production of railway equipment and components.
Agreements with Franklin Templeton, Oppenheimer & Co., Citigroup and BlackRock aim to help companies from Uzbekistan access international capital markets, attract institutional investors and finance infrastructure projects.
In the mining sector, agreements with ReElement Technologies, Traxys and Trafigura cover exploration and development of mineral deposits, technological cooperation and mineral supplies. The agreements also cover the development of Uzbekistan’s expertise in critical minerals.
Cooperation with Amazon Leo will focus on developing satellite communications, while GE HealthCare will support the introduction of modern medical technologies. Valmont Industries will work to improve agricultural efficiency.
According to the Ministry of Investment, Industry and Trade, representatives of more than 400 companies took part in the business program, including over 100 from the United States, 100 from other Central Asian countries and 200 enterprises from Uzbekistan.
