Uzbekistan and the UAE have signed an agreement for $10 billion

President of Uzbekistan Shavkat Mirziyoyev and Crown Prince of the Emirate of Abu Dhabi, Sheikh Saif bin Zayed Al Nahyan have signed an agreement for $ 10 billion during negotiations in the capital of the UAE, reports the press service of Uzbek president.

"A joint statement was adopted between Uzbekistan and the UAE. The parties signed documents on cooperation in the areas of investment, finance, alternative energy, industrial and infrastructural development, agriculture, and customs administration. In general, during the visit, agreements were reached for a total amount of more than $ 10 billion", says in the the press service.

According to the official service, in 2018, the trade turnover between our two countries reached nearly 400 million US dollars. Moreover, during the meeting, Shavkat Mirziyoyev noted that this figure has increased compared to those of previous years, but is hardly sufficient considering the potential of the parties. In this regard, the negotiations helped discuss issues related to the comprehensive expansion of bilateral cooperation, consolidation of practical cooperation in the trade and economic, investment, innovation, banking and financial, cultural-humanitarian as well as other fields.

Today, there are 107 enterprises operating in Uzbekistan with the participation of investments from the Emirates, 28 firms and companies from the UAE have representative offices in Uzbekistan. They specialize mainly in the production of textiles, building materials, canned fruit, in the printing business, wholesale trade, services.

Immense is the potential for cooperation in the field of tourism. The mausoleums of great ancestors of Uzbekistan and nature are rather popular with the inhabitants of the Emirates. Last year, the number of tourists from the UAE to our country grew 1.5 times.

Recall, it should be noted that in accordance with a recently signed decree of the President of Uzbekistan, citizens of the United Arab Emirates can enter our country visa-free. It was noted at the talks that this would contribute not only to the development of tourism, but also to the further intensification of trade-economic, scientific-technical and cultural cooperation between the two nations.

In addition, it is worth noting that yeaterday, the President of Uzbekistan Shavkat Mirziyoyev arrived in Abu-Dhabi, United Arab Emirates.

"The Qazaq Times"