Uzbekistan and Italy sign agreements on the implementation of projects for US$ 300 million

Tashkent, Uzbekistan (UzDaily.com) -- On 7 May 2019, the Uzbek-Italian Business Forum was organized jointly with the Italian Union of Chambers of Commerce, Industry, Craft and Agricultural Unioncamere with the participation of business circles of Uzbekistan and Italy.

Within the framework of the panel sessions of the business forum, presentations were held on projects of companies from Uzbekistan and Italy, proposed for joint implementation in the fields of agriculture, oil and gas, light industry, and the production of building materials.

From the Italian side, representatives of leading insurance and investment companies, manufacturers of textile equipment, building materials, consulting and logistics companies took part, presentations of projects of the companies Besana, Il Santucci, Maire Technimont, Intesa San Paolo, Ernst & Young, Pedrini, Omnia Onlus, and Marco Polo Consulting took place.

The forum participants were familiarized with the reforms undertaken by the Government of Uzbekistan to liberalize the economy, improve the business, trade, economic and investment climate in the country.

According to the results of the events, bilateral agreements were signed on the implementation of trade and investment projects totaling over US$ 300 million, in particular, on establishing cooperation between the Chamber of Commerce and Industry of the Republic of Uzbekistan and the National Union of Entrepreneurs and Farmers of Italy (UNTIC), on cooperation Omnia Onlus for the implementation of investment projects in the fields of agriculture, health care, pharmaceuticals, leather and textile products.

Including agreements on the creation of intensive gardens in Syrdarya region, organizing the production of furniture, sanitary ware, opening a joint venture for the extraction and processing of natural stone in Nurata district of Navoi region and others were agreed.

It is worth noting that at present 29 enterprises with the participation of Italian capital are engaged in the food industry, perfumery, knitwear, consumer goods, processing of cotton waste and trade function in Uzbekistan.