Tashkent, Uzbekistan (UzDaily.com) -- A delegation of Sanoat Qurilish Bank visited the United Arab Emirates (UAE) from 15 to 18 December 2018. This was reported by the press service of the bank.

During the visit, Sanoat Qurilish Bank and the investment company Frontera Capital signed an agreement on development of cooperation.

The document envisages raising US$50 million using investment and credit instruments.

The agreement also stipulates sale of securities of Sanoat Qurilish Bank by Frontera Capital

This operation will expand the bank’s ability to attract resources and finance investment projects on a long-term basis.

The parties intend to establish cooperation in the debt market of Uzbekistan.