TASHKENT, Uzbekistan, August 22. Seven investment projects with a combined value of nearly $500 million are currently under review by the Azerbaijan-Uzbekistan Investment Company, Uzbekistan’s Minister of Investment, Industry and Trade Laziz Kudratov said at the fourth Uzbekistan-Azerbaijan Regional Forum in Tashkent, Trend's special correspondent reports.
According to Kudratov, the company has already approved eight projects worth a combined $500 million in a relatively short period.
The minister noted that the Azerbaijan-Uzbekistan Investment Company supports businesses through direct equity investments, short-term shareholder loans and reimbursement of project preparation costs.
“I therefore call on all business representatives to engage more actively with the Azerbaijan-Uzbekistan Investment Company. Its head, Nazim Gajiyev, and his team are here today. They are ready to provide the necessary support,” Kudratov said.
The fourth Uzbekistan-Azerbaijan Regional Forum focuses on expanding interregional economic cooperation and implementing joint investment and trade projects. The forum is being held in Tashkent and aims to further develop direct ties between the regions of the two countries and expand cooperation in investment, industry and trade.
