Uzbekistan and UAE companies to expand joint projects as bilateral trade rises 40%

President of Uzbekistan Shavkat Mirziyoyev received executives from leading United Arab Emirates companies on the sidelines of the inaugural meeting of the Energy Sector Investors Council in Tashkent. The meeting was attended by Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Hussain Al Nowais, Chairman of AMEA Power.

During the talks, the participants reviewed the development of the strategic partnership between Uzbekistan and the UAE. It was noted that bilateral trade between the two countries has increased by 40% since the beginning of the year, while Uzbekistan and the UAE continue to advance major investment projects.

The discussions also focused on expanding cooperation in several sectors, including green energy, modern infrastructure, tourism and services. At the conclusion of the meeting, the parties agreed to accelerate and expand joint projects in green energy, modern infrastructure, cross-industry cooperation, tourism and the services sector.

Earlier Daryo reported that Uzbekistan and the United Arab Emirates have explored opportunities to expand investment partnerships across several sectors, including energy, digital infrastructure, artificial intelligence, finance, agriculture, tourism and logistics.

Uzbekistan's Minister of Investments, Industry and Trade, Laziz Kudratov, attended the Investopia Bridge 2026 Forum and the “UAE–Uzbekistan: Connecting Capital with Opportunity” business roundtable held in Abu Dhabi on October 7, where potential areas for bilateral investment cooperation were addressed.