Uzbekistan and South Korea’s KIND discuss plans for joint investment company

Uzbekistan and South Korea’s Korea Overseas Infrastructure and Urban Development Corporation (KIND) have discussed establishing a joint investment company to finance infrastructure projects, including airport upgrades, smart city development and road construction.

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Talks were held on October 21 between Ibrohim Ergashev, Uzbekistan’s Deputy Minister of Investment, Industry and Trade, and a South Korean delegation.

The discussions focused on possible cooperation in modernizing airports, developing smart cities and improving road infrastructure. The participants also looked at ways to attract investment, broaden financial cooperation and determine priority areas for joint projects.

After the meeting, both sides agreed to intensify work on creating the investment company, evaluate financing options for promising projects and keep discussing the practical arrangements needed to carry them out.

investment company smart cities road development south korea financial cooperation infrastructure uzbekistan airports

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