Expansion of Japanese Investment in Uzbekistan

photo: president.uz

On July 9, Uzbekistan president Shavkat Mirziyoyev held a meeting in Tashkent with a Japanese delegation including Tadashi Maeda, Chairman of the Board of Directors of the Japan Bank for International Cooperation (JBIC), and a representative of  the Sojitz Corporation.

Agreements were reached on the adoption of a three-year cooperation program with JBIC, as well as a roadmap with Sojitz Corporation for the implementation of potential projects in high-tech sectors of Uzbekistan’s economy.

The Uzbek leader noted JBIC’s significant role in the implementation of investment projects in the country which today, includes a portfolio of joint initiatives worth over $3.7 billion in petrochemical and textile industries, energy, and infrastructure modernization.

The president also expressed his deep appreciation of Sojitz’s implementation of projects in the country’s oil and gas sector.

The Japanese company confirmed its intention to expand business activities in Uzbekistan, including, based on an agreement signed in 2022, the Syrdarya II IPP project, destined to become one of the largest power generation facilities in Uzbekistan.

The Sojitz Corporation also announced its opening of a liaison office in Tashkent through which it aims to strengthen existing business as well as develop new business while striving to address regional needs across Central Asia.


Sergey Kwan

Sergey Kwan

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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