Uzbekistan’s Foreign Minister Invites Kuwaiti Investors to Explore Opportunities in Uzbekistan

(MENAFN – Kuwait News Agency (KUNA)) KUWAIT, August 14 (KUNA) – Uzbek Foreign Minister Bakhtiyor Saidov has invited Kuwaiti investors to consider lucrative investment opportunities in his country, especially in the infrastructure and energy sectors.
During his speech on Wednesday, where he led an Uzbek economic delegation to the Kuwait Chamber of Commerce and Industry, Saidov highlighted the significant development of relations with Kuwait in recent years, emphasizing the strength of bilateral ties between the two nations.
As Saidov noted, the delegation included representatives from various sectors, including food production, agriculture, light industry, medical supplies, confectionery factories and poultry farms.
For his part, Acting Undersecretary of the Ministry of Trade and Industry Saleh Al-Azmi noted that recent international challenges have significantly changed the landscape of global trade policy.
He reaffirmed the importance of adopting modern policies and strengthening the principles of free trade and concluding multilateral and bilateral international agreements aimed at improving trade rates and diversifying sources of exchange.
Al-Azmi pointed to the proposed draft memorandum of understanding on trade cooperation, initiated by the Uzbek side, which he said would be the cornerstone for establishing a bilateral framework to increase trade rates. He pointed to the establishment of a joint trade committee to explore available investment and trade cooperation opportunities.
Following the meeting, the Chamber of Commerce and Industry issued a statement explaining that the meeting was a continuation of the Kuwait-Uzbek Investment and Trade Forum held in May last year.
The Uzbek delegation included 60 businessmen and 15 officials representing the ministries of industry, trade, finance and health, as well as members of the chambers of commerce and industry of Uzbekistan. (end)
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