Uzbekistan and the UAE: Strong Bonds and Boundless Opportunities

In caller years, the concern betwixt Uzbekistan and the UAE has reached unprecedented heights, elevating bilateral relations to the level of a strategical alliance. The beardown rapport betwixt the UAE enactment and the President of Uzbekistan, Shavkat Mirziyoyev, has go the cornerstone of this progressive collaboration.

This trust-based narration has paved the mode for expansive practice crossed trade, economic, industrial, scientific, technological, and taste spheres. 

Notably, concern practice spans divers fields, including accepted and renewable energy, infrastructure, chemic industries, geology, IT, agriculture, transportation, and logistics.

Consider these milestones: Uzbekistan is present location to 337 UAE-funded enterprises, including 114 associated ventures and 223 overseas companies. In 2023, investments reached $1.08 billion, surging to implicit $1.5 cardinal successful 2024.

Collaborations impact renowned Emirati entities specified arsenic Masdar, Taqa, ADQ, Mubadala, AD Ports, DP World, and the Abu Dhabi Development Fund. 

These initiatives are straight supervised by the enactment of some nations, underscoring the strategical extent of their partnership.

Innovating beyond accepted frameworks, Uzbekistan and the UAE established the "Uzbek-Emirati Investment Company" to streamline fiscal instruments for shared projects. 

With an concern portfolio of $200 million, the institution oversees 7 projects worthy $192.5 cardinal successful medicine, geology, agriculture, and tourism, with 9 further projects worthy $140 cardinal successful development.

Significant strides person been made successful processing communal trade. Since 2021, bilateral commercialized betwixt the UAE and Uzbekistan has been steadily expanding by much than 20% annually, reaching astir $650 cardinal by the extremity of 2024. This fig falls abbreviated of reflecting the afloat economical imaginable of some countries. As a result, broad measures are being taken connected a reciprocal ground to destruct commercialized barriers, trim proscription costs, simplify licensing procedures, and instrumentality different tariff and non-tariff measures to modulate commercialized flows. Uzbek delegation participated with a nationalist pavilion successful the Dubai Expo, which took spot from September 30, 2021, to March 31, 2022.

Today, the scope of goods includes nutrient products, non-food earthy materials, mineral fuels, machinery and equipment, assorted types of concern products, and services. There is each crushed to judge that, successful correlation with the level of improvement of the concern potential, this database volition beryllium importantly expanded successful the coming years.

In Uzbekistan, determination is simply a saying, "Mehr kuzda." The state adheres to long-standing traditions and actively supports beardown ties successful some bilateral and multilateral formats. Government and concern circles of some states question to usage each accidental to grow the standard of their partnership. Joint concern forums with the information of heads of large companies from some countries are held connected a systematic basis. The latest 1 took spot successful September 2024 with the information of the caput of the Dubai Chamber of Commerce, Mohammad Lootah, and implicit 40 representatives of the UAE concern community.
At the aforesaid time, Uzbekistan systematically conducts roadshows successful the Emirates, presenting opportunities for the privatization of state-owned assets and caller promising concern projects, including those based connected public-private partnerships.

In February of past year, Laziz Kudratov, Minister of Investment, Industry, and Trade, participated successful the World Government Summit SDGs successful Action 2024 held successful Dubai. At the aforesaid time, the 13th Ministerial Conference of the World Trade Organization was held successful Abu Dhabi. The Uzbek delegation was headed by Jamshid Khodjaev, Deputy Prime Minister of Uzbekistan. As portion of the event, protocols were signed to reason negotiations connected Uzbekistan's accession to the WTO with 3 WTO subordinate states.

In September 2024, during the sojourn of UAE leaders to Uzbekistan, a forum was held to facilitate the speech of experiences betwixt the 2 countries. The forum addressed issues successful 8 precedence areas of communal interest.

An Intergovernmental Commission connected Trade, Economic, and Scientific-Technical Cooperation is successful operation. The committee holds regular meetings wherever heads of ministries and departments of the 2 countries coordinate their efforts connected each issues of bilateral cooperation, including the implementation of associated projects, measures to grow communal trade, the implementation of acquisition programs, fiscal cooperation, and different issues.

Uzbekistan and the UAE are not geographical neighbors, yet they are consistently expanding enactment successful the fields of transport and logistics. Uzbekistan Airways, Air Arabia Abu Dhabi, Wizz Air, and Fly Dubai run much than 50 regular flights per week betwixt large cities of the 2 countries - Tashkent, Samarkand, Abu Dhabi, Dubai, Sharjah, and Ras al-Khaimah.

In Uzbekistan, with the enactment of the UAE government, the One Million Uzbek Coders task has been implemented, allowing young Uzbeks to acquisition region learning successful 4 fashionable IT specialties: information analytics, Android development, frontend development, and full-stack development. The graduation ceremonial of the task was attended by Mohammad Al Gergawi, Minister of Cabinet Affairs and A. Aripov, Prime Minister of Uzbekistan.

As portion of an accumulation astatine the Dubai Opera, the planetary premiere of the nationalist ballet "Lazgi" was organized.

"In a historically abbreviated play of 50 years, the United Arab Emirates has performed a 'miracle' successful the desert, transforming itself into 1 of the world's starring centers of economy, innovation, trade, finance, and tourism." These are the words of the President of Uzbekistan, Shavkat Mirziyoyev, during his sojourn to the UAE successful 2019.

Our multifaceted practice with the UAE allows america to task this economical occurrence onto our country, creating conditions for colossal transformations and improving people's lives.

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