JEDDAH: The UAE has signed an agreement to expand cooperation in Uzbekistan’s mining sector, as the two countries seek to scale investment, modernize infrastructure and deepen economic ties.
The memorandum of understanding was signed by Mohamed Hassan Al-Suwaidi, UAE minister of investment, and Jamshid Khodjaev, Uzbekistan’s deputy prime minister, according to the Emirates News Agency, also known as WAM.
The agreement comes amid growing bilateral investment flows. UAE investments in Uzbekistan reached $1.3 billion in 2024, including about $700 million in renewable energy, with more than $4 billion in joint projects currently under development, WAM reported.
Commenting on the MoU, Al-Suwaidi said that his country and Uzbekistan share a longstanding relationship built on mutual trust and strong economic cooperation.
“Today’s signing reflects the UAE’s commitment to forging strategic international partnerships in sectors of mutual interest that support sustainable development and long-term economic value creation,” he said.
