Sevinç İrem BALCI
The first Tashkent Foreign Investment Forum is a new forum for the Central Asian area, in which Uzbekistan‘s investment potential will be showcased to international investors and business leaders. The Forum aims to bring together executives of key foreign investment, financial, and economic organizations, as well as firms, who are interested in integrating into Uzbekistan’s rapidly growing market.
The Forum will be held between March 24-26, 2022, and will focus on green energy, innovative industries, agriculture and digitization of the economy.
The embassy quoted Uzbekistan’s Ministry of Investments and Foreign Trade as saying that the event will be attended by around 1,500 corporate and political leaders from 56 countries, as well as journalists.
The embassy emphasized Uzbekistan’s socioeconomic changes and the government’s strategic development goals in order to boost the private sector, expand international contacts, and uncover investment and trade prospects for Uzbekistan’s diverse sectors and regions.
The forum will include financial market growth prospects, steps to modernize and digitalize domestic industry, trade liberalization, and the country’s integration into regional and worldwide markets.
It will serve as a venue for government-to-government, government-to-business, and business-to-business discussions, as well as practical elements of future mutually beneficial collaboration in the context of shared initiatives.
The forum will introduce prospects for financial market development, measures to modernize and digitalize the domestic industry, liberalize trade and integrate the country into regional and international markets.
It will be a platform for holding government-to-government, government-to-business and business-to-business meetings and practical aspects of further mutually beneficial cooperation within the framework of common projects and initiatives, the embassy stated.
The Forum is also positioned as a perfect venue for G2G, G2B, and B2B bilateral discussions and negotiations to address the potential and practical elements of continued mutually beneficial cooperation on joint projects and initiatives. It is expected that more than 1.5 thousand major investors and high-level guests from 56 countries, representatives of international organizations and financial institutions will take part in it. In particular, the forum will be attended by the Presidents of the European Bank for Reconstruction and Development, the Asian Development Bank, a number of international organizations, representatives of ministries and departments of foreign countries, heads of large corporations and companies.
Participants at the Forum will also get the chance to see the country’s biggest industrial businesses and learn about the Uzbek economy’s achievements in many areas. Foreign visitors will also be taken on tours of the ancient towns of Samarkand, Bukhara, and Khiva, where they will be able to learn about Uzbekistan’s rich architectural legacy and vibrant culture.
Also the participants will have a chance to:
• become familiar with changes in Uzbekistan’s business environment and participate in a new stage of its development
• identify promising projects for the development of logistics infrastructure within the framework of regional initiatives
• learn about measures aimed at liberalizing the economy
• research major projects in the areas of foreign direct investment and privatization
The significance of holding the event at a high level was emphasized in the context of improving the country’s image in the international business community, increasing investment attractiveness, strengthening investment cooperation with partner countries, and deepening cooperation with international financial institutions and international organizations.