Abu Dhabi, UAE – The Government of the UAE, represented by the Ministry of Investment, and the Government of the Republic of Uzbekistan signed a memorandum of understanding aimed at supporting the development of the mining sector in Uzbekistan.
Which contributes to enhancing its sustainable growth, modernizing it, and creating long-term economic value.
Cooperation under the MoU will include investment activities spanning the entire value chain of the mining sector.
From prospecting, exploration, and development activities to later manufacturing.
The memorandum also establishes a framework for cooperation between government and regulatory agencies, state-owned investment companies, and private sector institutions.
Through investment institutions and entities specialized in the sector.
It aims to support the identification of promising investment opportunities and the development of financing and investment structures.
Including foreign direct investment and public-private partnerships.
In addition to enhancing the exchange of technical expertise, mobilizing capital, and employing advanced technologies, which contributes to raising productivity and enhancing global competitiveness.
The memorandum also gives priority to developing and modernizing the infrastructure supporting the sector.
Including power generation, renewable energy solutions, modernization of electricity networks, water systems, transportation networks and logistics services.
The memorandum encourages the digitization of the sector, the promotion of innovation, and the application of responsible governance best practices.
To support flexibility and long-term sustainability.
Economic relations between the UAE and the Republic of Uzbekistan are witnessing rapid growth, driven by strong momentum in bilateral investments.
UAE investments in Uzbekistan amounted to approximately US$1.3 billion in 2024.
It included nearly $700 million in renewable energy projects.
The value of joint projects currently under development exceeds 4 billion US dollars.
