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The Abu Dhabi Fund for Development participated in the first meeting of the Council of Foreign Investors in Uzbekistan, which was held under the chairmanship of Shavkat Mirziyoyev, President of the Republic of Uzbekistan. The meeting was attended by many development agencies and international financial institutions.
In a speech during the council’s first plenary session, Mohammed Saif Al-Suwaidi, Director General of the Abu Dhabi Fund for Development, stressed the importance of the joint relations between the UAE and the Republic of Uzbekistan, which have witnessed remarkable development during the past years, thanks to the keenness of the leaders of the two countries to develop and sustain these relations.
He pointed out that the UAE and Uzbekistan are keen to promote investment in strategic projects within vital sectors that benefit both countries.
He expressed his appreciation to the Government of Uzbekistan for its efforts in creating a competitive environment that attracts foreign investments, which contributes to promoting economic growth in the country.
It is noteworthy that the Abu Dhabi Fund for Development began its activities in Uzbekistan in 2019, when it established the Abu Dhabi Uzbek Investment Company, with the fund’s contribution to 75% of the company’s capital, which aims to encourage investments in vital sectors, such as tourism, agriculture and transportation, and to finance small and medium enterprises in cooperation with local banks in Uzbekistan The Fund also financed several development projects that contributed to the development of infrastructure, the development of the agricultural sector, and the achievement of economic and social development in Uzbekistan.
