UAE and Uzbekistan Discuss Strengthening Economic Ties in New Economy, FinTech, Tourism, and Entrepreneurship

H.E. Abdulla bin Touq Al Marri, Minister of Economy, met with H.E. Laziz Kudratov, Minister of Investment, Industry, and Trade of Uzbekistan, to discuss ways to enhance cooperation in various economic and developmental sectors. These include the new economy, tourism, entrepreneurship, small and medium-sized enterprises (SMEs), FinTech, innovation, transportation, renewable energy, logistics, and agriculture.

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.”

He also noted that the UAE, with its attractive economic environment and flexible legislation, offers a strategic platform for Uzbek businesses to access global markets and capitalize on the UAE’s broad network of international partnerships.

H.E. Bin Touq further highlighted the UAE’s competitive advantages, particularly in sectors such as tourism, family enterprises, e-commerce, manufacturing, sustainable transportation, and technology. He also pointed out the country’s advanced infrastructure, key initiatives, and national strategies that support its new economic model. He stressed the importance of strengthening private sector ties between the two countries to develop innovative initiatives that contribute to their shared economic goals.

The meeting focused on promoting collaboration in renewable energy, technology, transportation, logistics, agriculture, and food security. The discussions also underscored the importance of supporting the private sector in both nations and sharing expertise in these areas. Additionally, the UAE-Uzbekistan Joint Economic Committee (JEC) was recognized as a vital platform for advancing bilateral relations.

At the conclusion of the meeting, H.E. Bin Touq invited the Uzbek delegation to participate in the fourth edition of Investopia, set to take place next month. This event will serve as a key platform to explore investment opportunities in the UAE and further expand collaboration across various economic sectors.