TASHKENT, Uzbekistan, October 2. Uzbekistan, Qatar’s Al Mirqab investment company discussed potential collaborations in hotel infrastructure, tourism services, logistics, and energy sector development,Trend reports.
The news followed a recent meeting between President of Uzbekistan Shavkat Mirziyoyev and representatives of Al Mirqab Capital investment management company.
During the meeting, the parties discussed prospects for cooperation in the development of hotel infrastructure and tourism services, modernization of logistics and energy industry.
Moreover, the company plans to invest in construction of a logistics center in Uzbekistan’s Tashkent region, a hotel and congress complex in Uzbekistan’s city of Bukhara, and the expansion of generating capacities in the country in general.
The implementation of investment projects will be carried out on the basis of a joint roadmap.
Al Mirqab Capital Holding, founded in 1983, owns up to 20 large hotel complexes in the US, Europe and the Middle East. The company's assets exceed $8 billion.
In September 2023, Uzbekistan and Qatar inked multiple investment deals in sectors such as the food industry, renewable energy, and infrastructure development, following a meeting between Uzbekistan's Minister of Foreign Affairs, Laziz Kudratov, and representatives from prominent Qatari investment firms.
Moreover, substantial agreements have been reached with Saudi Arabia, France, Hungary, Singapore, Egypt, Germany, China, Italy, and other countries during high-level talks over the past two years.
This year has witnessed an influx of $450 million in investments to Uzbekistan, which is 11.25 times more than $40 million in investments from these nations in 2022.
