Tashkent, Uzbekistan (UzDaily.com) -- On 3 October 2018, the National Bank for Foreign Economic Activity of the Republic of Uzbekistan signed a cooperation agreement for US$100 million with the Abu Dhabi Development Fund (UAE).

The document was signed in Tashkent within the framework of the Uzbek-Emirates Business Forum.

The agreement envisages implementation of an investment project, primarily in the construction of an international-level hotel and a tourist shopping and entertainment center in Samarkand, which will increase the tourist potential of the city.

It also assumes funding for projects in such areas as electricity, water, health, agriculture, transport and other industries.

The direct investments of the Abu Dhabi Fund are attracted to finance projects in pursuance of the “Program of measures for the accelerated development of the tourist potential of the city of Samarkand and the Samarkand region for 2017-2019,” adopted at the initiative of the President of the Republic of Uzbekistan Shavkat Mirziyoyev.