MBS Global Investments from the United Arab Emirates plans to implement several projects in cooperation with partners from Uzbekistan.

At the meeting between Uzbekistan’s diplomats and the company’s Executive Director, Ajmal Sharafuddin, the Ambassador of Uzbekistan to the UAE Abdulaziz Akkulov presented key aspects of the country’s socio-economic reforms and the conditions created for foreign investors.

The Ambassador spoke in detail about the proposed investment projects, including the development of the domestic and imported pharmaceutical industry. The current investment environment in Uzbekistan, legislative reforms aimed at protecting investor’s rights, and a program of projects to be implemented based on public-private partnership until 2030 were also presented.

The MBS Global Investments representative showed special interest in the pharmaceutical supplies in cooperation with Julphar. He noted that in the first stage, rare medicines will be imported from India, and with the subsequent launch of their production, they will be produced directly in Uzbekistan.

The UAE side also confirmed its support for large-scale economic reforms in Uzbekistan and expressed interest in infrastructure projects, including constructing a toll highway on the Tashkent-Andijan route.

Following the talks, an agreement was reached on the visit of representatives of MBS Global Investments to Uzbekistan in November to become familiar with the proposed projects and the privatization program in the country.

Aziza Alimova, UzA