Tashkent, Uzbekistan (UzDaily.com) -- On 29 August 2020, Deputy Prime Minister - Minister of Investment and Foreign Trade of the Republic of Uzbekistan Jamshid Khodjaev held talks in the videoconference format with the Minister of Energy and Infrastructure of the United Arab Emirates Suheil Mohammed Al Mazrui.

During the talks, a wide range of issues of investment cooperation between the two countries, as well as practical aspects of interaction in key areas of strategic partnership and implementation of joint projects were discussed.

The parties noted with satisfaction the dynamically developing cooperation in the trade and economic sphere, as well as in the direction of traditional and alternative energy, logistics, healthcare, agriculture and tourism.

During the talks, prospects for the development of cooperation in the investment sphere were discussed. As noted, today the joint investment portfolio consists of 17 projects worth about US$3 billion.

The results of the activities of the joint Uzbek-Emirati investment company, with an announced capital of US$1 billion, which has mastered more than US$100 million to date, were highly appreciated. TES, in this context, the terms of preparation for the signing of legal agreements in Tashkent were discussed.

Following the talks, an agreement was reached to continue a constructive exchange of views in order to strengthen cooperation between Uzbekistan and the UAE.