Investments

Uzbekistan and Singapore Agree on New Investment and Trade Initiatives

It was also agreed to establish a pilot economic zone
singapore
Photo: Ministry of Investments, Industry and Trade

On August 14, during an official visit to Singapore, Uzbekistan’s delegation led by Minister of Investment, Industry and Trade Laziz Kudratov held talks with senior representatives of Singapore Cooperation Enterprise, Sembcorp Industries and Wilmar International. The discussions took place in a constructive spirit, with both sides outlining specific measures to advance cooperation.

Two sides reached agreement on a programme to improve the effectiveness of Uzbekistan’s special economic zones. The plans include the introduction of a one-stop shop mechanism, unified management standards, a CRM platform and modern infrastructure designed to attract strategic investment.

Pilot Project Based on Singapore’s Model

It was also agreed to establish a pilot economic zone inspired by the Singaporean approach. A joint expert group will be created to oversee its design and implementation.

In addition, the parties coordinated steps to launch a large-scale agro-industrial project in Urtachirchik district of Tashkent region. The initiative is expected to generate 1,800 new jobs and strengthen the region’s economic base.