Page 71 - MOE ENGLISH PR REPORT - JANUARY 2025

Press Release

UAE and Uzbekistan explore ways to enhance economic relations in

sectors of new economy, FinTech, tourism and entrepreneurship

H.E. Bin Touq holds meeting with Minister of Investment, Industry and Trade of
Uzbekistan

Abu Dhabi, 13 January 2025 - H.E. Abdulla bin Touq Al Marri, Minister of Economy, held a
meeting with H.E. Laziz Kudratov, Minister of Investment, Industry and Trade of Uzbekistan, to
explore the means to strengthen collaboration across a wide range of economic and developmental
sectors. These include the new economy, tourism, entrepreneurship, small and medium-sized
enterprises (SMEs), FinTech, innovation, transportation, renewable energy, logistics services, and
agriculture.
H.E. Bin Touq stated that the UAE and Uzbekistan relations serve as thriving model for economic
partnerships based on shared interests and future perspectives, underlining the solid strategic
relations and fruitful cooperation shared by the two countries in various fields of shared interest.

H.E. Bin Touq said: “We see Uzbekistan as a promising economic partner in Central Asia. The
latest meeting with the Uzbek delegation demonstrates our shared commitment to enhancing
partnerships in advanced and sustainable economic sectors. It also offers an avenue for fostering
stronger coordination and mutual understanding, which plays a vital role in the growth and
prosperity of both economies.”

H.E. highlighted that thanks to its attractive economic environment and flexible economic
legislation, the UAE serves as a strategic platform for Uzbek businesses to access global markets
and leverage the country's expansive network of international partnerships.

H.E. Bin Touq emphasised the advantages of the UAE economy and the benefits offered by the
UAE to investors and business owners across different sectors including tourism, family
enterprises, e-commerce, manufacturing, sustainable transportation, and technology. H.E. also
stressed the advanced infrastructure, prominent initiatives, and national strategies that bolster the
country's new economic model. The significance of fostering stronger connections between the
two private sectors to develop top-notch initiatives that contribute towards the achievement of
shared economic goals was also highlighted.

The meeting placed particular emphasis on fostering partnerships in renewable energy, technology,
transportation, logistics services, agriculture, and food security. The discussions also noted the
significance of supporting the private sector in both countries and exchanging knowledge in this
crucial field. Additionally, it shed light on the joint efforts exerted via the UAE-Uzbekistan Joint
Economic Committee (JEC), a key platform for advancing bilateral relations.