Uzbekistan, Egypt Discuss Joint Investment Initiatives
Date
9/13/2024 8:07:51 AM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, September 13. Uzbekistan
and Egypt agreed to increase practical implementation of joint
investment initiatives and increase the volume of mutual trade,
Trend reports.
The issue was put under the microscope at a G2B format meeting,
where Uzbekistan's Ministry of Investment, Industry, and Trade
rubbed elbows with the bigwigs of major Egyptian companies.
During the event, the representatives of Egyptian business
circles were presented with opportunities created in Uzbekistan for
foreign investors, including tax and customs privileges and
preferences, infrastructure, and legislative protection of
entrepreneurs' interests. The prospects of participation in the
state privatization program and project initiatives in priority
sectors of the economy on the basis of PPP were also presented.
The representatives of Egypt highly appreciated the results of
reforms implemented in Uzbekistan in recent years to improve the
investment climate and expressed interest in implementing projects
in agriculture, pharmaceuticals, food production, transport,
energy, and water sectors.
Earlier, Uzbekistan signed an agreement on opening a
distribution center and trading house for its companies' products
in Egypt.
The document was signed during a meeting between Uzbekistan's
Chamber of Commerce and Industry and the Egyptian El-Nasr Export
and Import Company.
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