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🇺🇿 Uzbekistan /Economy & Trade

Uzbekistan, United States Launch Joint Investment Platform

From Gazeta.uz · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Uzbekistan and the United States have launched a joint investment platform to foster strategic projects.
  • The platform targets key sectors including energy, infrastructure, critical minerals, logistics, ICT, and pharmaceuticals.
  • It aims to mobilize private capital and strengthen economic ties between the two nations.

Uzbekistan and the United States have officially launched a joint investment platform aimed at attracting strategic investments into Uzbekistan's key economic sectors. The initiative, announced during the Tashkent International Investment Forum on June 16, was established through collaboration between the U.S. International Development Finance Corporation (DFC), the U.S. Export-Import Bank (EXIM), Uzbekistan's Ministry of Investment, Industry and Trade, and the Uzbekistan Fund for Reconstruction and Development (UFRD).

This new mechanism will identify and support investment projects of mutual interest, with priority given to energy, infrastructure, critical materials, transport and logistics, information and communication technologies, and pharmaceuticals. DFC CEO Ben Black described the platform as a crucial first step towards mutually beneficial investments, highlighting the Trans-Caspian region's strategic importance.

The launch of the platform was a first step toward investments benefiting both countries.

— Ben BlackCEO of the U.S. International Development Finance Corporation (DFC), speaking at the launch event.

DFC stated that the platform will mobilize a diverse range of capital, including private investment, sovereign wealth funds, and multilateral development banks. The initiative is particularly relevant given the rising global demand for critical minerals, the region's need for reliable energy sources, and the development of the Trans-Caspian transport corridor, all of which present significant investment opportunities.

Officials from both countries, including Uzbekistan's President Shavkat Mirziyoyev and DFC CEO Ben Black, attended the signing ceremony. The agreement underscores a shared commitment to bolstering economic growth and strengthening supply chains, positioning Uzbekistan as a key partner in Central Asia's development.

The Trans-Caspian region was one of the world’s most strategically important economic corridors, and that the new platform would help strengthen US supply chains while also supporting economic growth in both the United States and Uzbekistan.

— Ben BlackCEO of the U.S. International Development Finance Corporation (DFC), explaining the strategic significance of the initiative.
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Originally published by Gazeta.uz in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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