President of Uzbekistan Islam Karimov signed a resolution "On organization of activity of Singapore Institute of Management Development in Tashkent city" on 5 September.

The document said it is aimed at further development and improvement on preparation of high-skilled specialists, realization and effective use of youth potential, international cooperation in education sphere and others.

The resolution said the institute created by Singapore Institute of Management Development and Uzbekistan Banking Association.

The institute will train specialists on such directions as Banking, Business Management, Tourism and ICT in business.