TASHKENT, Uzbekistan, October 27. Deputy Minister of Investment, Industry, and Trade of Uzbekistan Shokhrukh Gulamov held a meeting with a delegation from Kuwait’s Noor Financial Investment Company, led by Senior Vice President for Alternative Investments Abdullah Al-Khouli, to discuss the development of Islamic banking and the potential establishment of a new Islamic bank in Uzbekistan, Trend reports.
Throughout the discussions, the parties engaged in a dialogue
regarding the enhancement of synergies in the financial sector,
industrial collaboration, energy initiatives, and infrastructural
development, alongside exploring Kuwait's potential involvement in
significant investment ventures throughout Uzbekistan. The Kuwaiti
delegation lauded the nation’s continuous economic transformation
and articulated a willingness to engage proactively in its
investment ventures.
Subsequent to the convening, both parties reiterated their
reciprocal commitment to fortifying the alliance and concurred on
the necessity of ongoing pragmatic collaboration.
Concurrently, in September, the Legislative Chamber of the Oliy
Majlis of Uzbekistan initiated a comprehensive examination of a
proposed legislative framework designed to integrate Islamic
banking paradigms into the overarching national financial
architecture. This initiative constitutes a strategic component of
the government's overarching framework aimed at enhancing the
accessibility of financial services for both individuals and
enterprises, fostering foreign investment influx, and developing
innovative mechanisms to bolster economic advancement.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel