As trade between the UAE and Uzbekistan grows, a trade delegation, led by Dr. Ali Saeed bin Harmal Al Dhaheri, board member of the Federation of UAE Chambers and First Vice Chairman of the Abu Dhabi Chamber of Commerce and Industry, explored numerous commercial partnerships with business owners and investors in Uzbekistan.
The meetings took place during the UAE-Uzbekistan Business Forum in Tashkent from October 14 to 16, with the participation of 200 representatives from both the public and private sectors in Uzbekistan.
The Federation of UAE Chambers, in cooperation with the Ministry of Foreign Affairs, the Chamber of Commerce and Industry of Uzbekistan, and the Embassy of Uzbekistan in the UAE, organized the forum.
Trade relations grow
In his remarks at the forum, Al Dhaheri emphasized the importance of the Central Asian markets to the UAE chambers, particularly in strengthening commercial partnerships with these countries by supporting the expansion of Emirati businesses into global markets.
He highlighted that in recent years, UAE-Uzbekistan trade relations have developed and grown significantly. That is evident through the increase in investments across key sectors including energy, infrastructure, manufacturing, agriculture, transportation, and logistics.
The trade exchange between the two countries has reached approximately $1.9 billion, making the UAE one of Uzbekistan’s largest trading partners.
Read: Sheikh Maktoum seeks stronger ties across key sectors at GCC-European Union Summit
UAE bolsters presence in Uzbekistan
Dilshod Rasulov, deputy chairman of the Chamber of Commerce and Industry of Uzbekistan, stated that the chamber had signed six agreements with UAE business-related entities, resulting in the presence of more than 320 Emirati-owned companies in the country, including over 120 joint ventures and more than 200 fully foreign-owned firms representing various business sectors.
Rasulov added that Uzbekistan has, in recent years, implemented an open and transparent economic policy that seeks to promote entrepreneurship, particularly by supporting small and medium-sized enterprises and removing barriers to their activities.
The forum featured several presentations by officials and experts in economics, investment, and logistics in Uzbekistan, highlighting the advantages and benefits of conducting business in Uzbekistan and addressing the inquiries of Emirati trade delegation members.
The event also saw the organization of over 125 bilateral meetings between the UAE trade delegation and Uzbek officials and experts.
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