17:55 / 02.03.2024

Uzbekistan and Qatar expanding cooperation in investment field

Ambassador of Uzbekistan Ashraf Khodjayev held talks with the regional director for cooperation with countries of Africa and Asia of the Qatar Investment Agency (QIA), chairman of the board of telecommunications of Ooredoo and Lesha Bank, Sheikh Faisal Al Thani.

Photo: Dunyo news agency

Deputy Minister of Digital Technologies of Uzbekistan Rustam Karimjonov also took part in the meeting.

Founded in 2005, QIA is considered Qatar’s sovereign wealth fund. The main purpose of creating the fund is to protect the country's financial assets, increase them and diversify them through the implementation of projects in various sectors of the economy.

By the end of 2023, QIA’s assets amounted to $475 billion. QIA owns the companies QNB Group, Barwa Group, Qatar Diar, Qatar Holding, Hassad Food, Q REIT Holding, Qatar Asset Management, Qatar Railways Development, Katara Hospitality (Qatar), Qatar Dubai Investments (UAE), Filmyard Holdings (USA), Harrods, Harrods Estates, Harrods Aviation, Air Harrods (UK), Future French Champions SAS (France), Ascott Serviced Residence Fund (Singapore) and Linx Cargo Care Group (Australia).

During the negotiations, the Qatari side was provided with information about the favorable conditions created for foreign investors in Uzbekistan, as well as the improvement of the information and communications sector, the comprehensive acceleration of digital transformation processes in the country, and the work being carried out to attract foreign investment in this sector.

Following the meeting, an agreement was reached on a visit of QIA representatives to Uzbekistan in the first half of May to discuss the implementation of joint projects in various sectors of the economy.

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