By Russian President
BAKU, Azerbaijan, July 2. For Azerbaijan,
investing in Uzbekistan is a priority. Firstly, because Uzbekistan
is a friendly, brotherly country. Secondly, thanks to the
well-considered reforms implemented by the President of Uzbekistan,
a very favorable investment climate has been established, said
President of Azerbaijan Ilham Aliyev during a joint press statement with President of Uzbekistan
Shavkat Mirziyoyev, Trend reports.
The Azerbaijani President emphasized that it is no coincidence
Uzbekistan is now a highly attractive destination for
investment.
鈥淭oday, we once again confirmed our intention to significantly
increase both trade turnover and mutual investments. The joint
investment fund established some time ago is already practically
filled with projects. Today, it was reported that more than 10
projects are at the stage of final investment decisions. Of course,
we see this as only the beginning, as the authorized capital of the
investment fund is $500 million. Our plans exceed this figure
several times over, and I am confident that the joint
implementation of projects in energy, the hotel industry,
construction, agriculture, and other areas – projects that already
have clear prospects, agreements, and signed contracts – will lead
to substantial growth in mutual investments. This fully reflects
our shared intention and is in complete harmony with the spirit and
nature of the brotherly relations between our countries,鈥 President
Ilham Aliyev emphasized.