(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 14. Egyptian
Elsewedy Electric Company expressed interest in introducing
innovative developments of the company in Uzbekistan's energy
sector, trend reports via the press service of Uzbekistan's Ministry of
Investment, Industry, and Trade.
The matter was discussed between Uzbekistan's Minister of
Investment, Industry, and Trade Laziz Kudratov, with the management
of Elsewedy Electric at a recent meeting.
During the talks, the sides discussed prospects of the
implementation of joint projects, as well as matters of development
in Uzbekistan's energy sector.
Throughout negotiations, the representatives of the company
emphasized the reforms carried out in Uzbekistan in recent years,
due to which the investment climate has improved, and the volume of
direct foreign investments has increased.
At the meeting, the Egyptian company presented innovative
projects in the energy field, implemented in 19 countries around
the world. In particular, the construction of large energy
facilities, high-voltage transmission lines, the establishment of
'green energy' facilities, as well as the construction of 'smart'
cities.
Following the discussions, the parties agreed on the format of
joint work in the framework of the development and implementation
of investment projects in Uzbekistan.
Elsewedy Electric company, which was founded in 1938, has
extensive experience in the implementation of infrastructure
projects in various aspects, such as the construction of cities,
hydroelectric power plants, thermal, cloud, and wind power plants,
etc.
Earlier in February, the Egyptian company expressed readiness to
launch a joint venture in Uzbekistan. The issue was discussed with
Ambassador Extraordinary and Plenipotentiary of Uzbekistan to Egypt
Mansurbek Kilichev and the head of Elsewedy Electric company Ahmed
Elsewedy. The parties discussed also the prospects for the
implementation of major investment projects with the participation
of the company in Uzbekistan.
MENAFN14022023000187011040ID1105569948
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.