Malaysian sovereign fund Khazanah Nasional Berhad expresses interest in privatization projects in Uzbekistan

A key outcome of the meeting was the potential establishment of a joint investment company between the Reconstruction and Development Fund of Uzbekistan and Khazanah Nasional Berhad. The parties expressed mutual interest in this initiative, emphasizing its potential benefits for their respective economies.

During the talks, the formation of a joint working group was proposed to develop specific terms for mutually beneficial collaboration. This group would facilitate ongoing dialogue regarding investment opportunities and cooperation strategies.

Uzbekistan's Ambassador, Karomidin Gadoyev, highlighted the extensive experience and capabilities of Khazanah Nasional Berhad and extended an invitation for the Malaysian fund to participate in Uzbekistan’s state privatization projects. He also urged Khazanah to consider acquiring equity stakes that would be available for bidding on the international market.

Additionally, the Uzbek delegation presented project proposals for various developments, including a residential complex in the "New Tashkent" area, a tourist and recreational zone, a wellness center in the Tashkent region, and a regenerative medical center in the capital.

The Malaysian representatives expressed high regard for the investment opportunities in Central Asia, indicating their willingness to explore direct financing options for projects in the region, particularly in Uzbekistan.

Khazanah Nasional Berhad, established on September 3, 1993, as a public limited company under the Ministry of Finance of Malaysia, is one of Southeast Asia's largest investment funds. As of 2023, the fund boasts total assets of $20.8 billion and has regional offices in the United States, Turkey, China, the United Kingdom, and India.