The President of Uzbekistan discussed new energy projects with foreign investors

President of Uzbekistan Discusses New Energy Projects with Foreign Investors

The implementation of investment projects with companies from Saudi Arabia, Turkey, the UAE, Azerbaijan, and the UK was reviewed.

At a meeting with Muhammad Abunayyan, Chairman of the Board of Directors of the Saudi company ACWA, issues of expanding cooperation and accelerating the implementation of joint projects were addressed. It was emphasized that Saudi companies are actively investing in Uzbekistan, including in the development of "green" energy, infrastructure, and high technologies. The parties confirmed their readiness to ensure the timely fulfillment of the agreements reached.

With Mehmet Cengiz, Chairman of the Board of Directors of the Turkish company Cengiz Holding, the President discussed expanding cooperation in energy, geology, and infrastructure. In particular, the prospects for building thermal power plants and modernizing electricity distribution networks were reviewed. The growth of trade turnover between Uzbekistan and Turkey and the successful implementation of joint investment projects were also noted.

In addition, Shavkat Mirziyoyev received Rovshan Najaf, President of the Azerbaijani company SOCAR, and Giovanni Cristofoli, Senior Vice President of the British company British Petroleum. The parties discussed the development of hydrocarbon fields on the Ustyurt Plateau, including BP's participation in this project.

At a meeting with the heads of companies Masdar, Mohamed Jameel Al Ramahi, and AMEA Power, Hussain Al Nowais, the dynamic development of the strategic partnership with the UAE was highlighted. Since the beginning of the year, the volume of mutual trade has grown by 40%. Following the talks, an agreement was reached to accelerate and expand projects in the field of renewable energy, infrastructure, industrial cooperation, tourism, and services.