Uzbek companies are beginning to invest in the US economy, President Shavkat Mirziyoyev said on October 19 at the opening of the second meeting of the American-Uzbek Business and Investment Council in Samarkand, the presidential press service reported.
The event was also attended by US Secretary of State Marco Rubio, US President’s Special Envoy Sergio Gor and representatives of leading American companies and banks.
Mirziyoyev noted that hundreds of companies with US capital operate in Uzbekistan, cooperating with the country in industries including manufacturing, energy, transport, agriculture, education and new technologies.
Ahead of the council meeting, the two sides prepared a package of 54 agreements and prospective initiatives worth around $12 billion. A comprehensive action plan will be developed to implement them.
The president identified the development and deep processing of critical minerals, energy, data centres, artificial intelligence and digital solutions, as well as education and workforce training, as priority areas for cooperation.
Uzbekistan also plans to adopt a “plug-and-play” model for working with investors, offering businesses projects with prepared sites, connected infrastructure, permits and documentation. Uzbek companies will be able to participate as partners and share investment risks through the newly established Direct Investment Fund.
Mirziyoyev also proposed developing a programme for trade, investment and technological cooperation between Uzbekistan and the United States through 2035.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
