Agreements worth $26.6 bln signed at Tashkent Investment Forum

At the third Tashkent International Investment Forum, agreements worth $26.6 billion were signed. In 2023, $11 billion worth of agreements were signed, and in 2022, $7.8 billion worth of agreements were signed. Major investment projects include:

- Data Volt from Saudi Arabia: Plans to build urban infrastructure in New Tashkent ($1 billion) and a green data center ($3 billion).

- Acwa Power from Saudi Arabia: Intends to build a 5 GW wind farm in Karakalpakstan and create 2 GW of electricity storage devices ($6.2 billion).

- Amea Power from the UAE: To build a 1,000 MW wind farm in Karakalpakstan ($1.1 billion).

- Saudi Tabrid from Saudi Arabia: Modernizing the heat supply system in Nukus, Fergana, and Kuvasay ($750 million).

- Nil Shugar from Egypt: Engaged in sugar beet cultivation and sugar production in the Jizzakh region ($500 million).

- Shanghai Knud International from China: Implementing a textile and clothing production project in the Namangan region ($205 million).

- Wilmar International from Singapore: Producing food and confectionery products in the Tashkent region ($200 million).

Agreements were also reached with other companies from Egypt, Hungary, the USA, China, Turkey, Azerbaijan, Austria, and Iran for new investment projects worth $6.6 billion. The forum had over 2,500 participants from 93 countries.

Key events included the presentation of regional energy projects and discussions on supporting small and medium-sized businesses. Uzbekistan's president announced measures to protect investor rights, including adopting investment laws according to WTO standards and establishing an International Commercial Court. Investors were invited to participate in international projects involving Uzbekistan.