BAKU, Azerbaijan, November 28. Numerous businesses from diverse sectors in the UAE are expressing interest in entering the Uzbek market, the UAE’s Ambassador to Uzbekistan Saeed Mattar Sultan Alqemzi told Trend.
"A number of UAE businesses from various sectors are attempting to enter the Uzbek market." Another approach to effectively meeting this demand involves the organization of business forums combined with networking sessions, as well as B2G and B2B meetings," he stated.
According to the official, this comprehensive system provides UAE enterprises with in-depth knowledge of the Uzbek market, including its business and investment environment, regulatory rules, and other procedures.
"B2B meetings, in particular, serve as a valuable platform for UAE companies to identify suitable business partners for future collaboration with Uzbekistan," the UAE envoy stated.
Officials further stated that the UAE Ministry of Foreign Affairs, through its specialized Economy and Trade Affairs Department and the UAE Embassy in the Republic of Uzbekistan, actively collects essential information and evaluates chances for entry into the Uzbek market.
“This process aligns closely with the interests and endeavors of UAE companies, which can also proactively reach out to the Ministry to request support in facilitating their business interactions with Uzbek counterparts or in helping resolve specific issues faced in Uzbekistan’s economic environment,” he said.
The total investments' portfolio of projects of the UAE in Uzbekistan stood at over $4 billion as of July, 2023.
Recently, the UAE's Masdar energy company has signed an agreement with the Government of Uzbekistan on the joint implementation of solar PV and wind power projects of total capacity of 2,150 MW and 500 MW worth $2.6 billion.
