UAE and Uzbekistan Strengthen Economic Relations in New Economy, FinTech, and Tourism

Tourism

UAE and Uzbekistan Strengthen Economic Relations in New Economy, FinTech, and Tourism

H.E. Abdulla bin Touq Al Marri, UAE Minister of Economy, held a meeting with H.E. Laziz Kudratov, Minister of Investment, Industry and Trade of Uzbekistan, to explore ways to deepen economic collaboration across key sectors. Discussions focused on the new economy, FinTech, tourism, entrepreneurship, SMEs, innovation, transportation, renewable energy, logistics, and agriculture.

Strategic Partnership for Growth

H.E. Bin Touq underscored the robust and strategic ties between the UAE and Uzbekistan, emphasizing their shared commitment to fostering mutual growth through advanced and sustainable economic sectors.
"We see Uzbekistan as a promising economic partner in Central Asia," said H.E. Bin Touq. "This meeting reaffirms our dedication to enhancing partnerships and exploring opportunities that support economic growth and prosperity for both nations."

UAE: A Gateway for Uzbek Businesses

H.E. Bin Touq highlighted the UAE's attractive economic environment, characterized by flexible legislation, world-class infrastructure, and a strong network of international partnerships. These advantages position the UAE as a strategic platform for Uzbek businesses seeking global market access.

The meeting also emphasized the importance of private sector collaboration to develop initiatives that align with the shared economic goals of both countries.

Focus Areas of Collaboration

The discussions prioritized several key sectors, including:

Renewable Energy: Joint initiatives to drive sustainable energy solutions.
Technology and Innovation: Leveraging advancements in digital transformation.
Transportation and Logistics: Enhancing connectivity and streamlining services.
Agriculture and Food Security: Promoting sustainable practices and knowledge exchange.
Tourism and Entrepreneurship: Building networks to foster SME growth and enhance the tourism sector.

The UAE-Uzbekistan Joint Economic Committee (JEC) was highlighted as a pivotal platform for advancing these initiatives and strengthening bilateral relations.

Invitation to Investopia

H.E. Bin Touq invited the Uzbek delegation to participate in the fourth edition of Investopia, set to take place next month. The event will showcase promising investment opportunities in the UAE and foster collaboration across diverse economic sectors.