Tashkent, Uzbekistan (UzDaily.com) – On 4 March 2020, Deputy Prime Minister, Chairman of the State Committee for Tourism Development of the Republic of Uzbekistan Aziz Abduhakimov met with a group of Austrian entrepreneurs led by the CEO of C-Quadrat Investment Group, an investment company, Alexander Schuts.

The Austrian delegation was acquainted with the large-scale reforms being adopted to develop the tourism sector, diversify the tourism product, as well as the conditions created, benefits and preferences for infrastructure projects.

In turn, Alexander Schuts said that the C-Quadrat Investment Group is studying the issue of opening a representative office for Central Asian countries in Tashkent in order to actively participate in investment and financial projects, reform state enterprises and facilities with the implementation of the best Western management standards. Given the increasing flow of foreign tourists, the group is also interested in investing in the construction of a network of small hotels in the republic.

“CQ Investment Group” was founded in Vienna in 1991. The group currently manages investment assets worth more than 10 billion euros. The company has offices in the cities. Vienna, Paris, Frankfurt, Madrid, Zurich, Geneva, Yerevan and Tbilisi, working in 21 countries of Europe and Asia. A. Schutz is one of the most respected entrepreneurs in Austria with a personal fortune of about 7 billion US dollars, a member of the Supervisory Board of Deutsche Bank.