Uzbekistan showcases its investment potential at an international energy fair in Suzhou

In China’s Jiangsu province, as part of the 11th New Energy Industry Chain Expo, a presentation of Uzbekistan’s investment potential was held at the Asian Investment and Development Forum.

The fair has been held since 2016 by the People’s Government in cooperation with the state-owned company Shanghai Metals Market. Around 500 major companies from more than 100 countries are participating in the event. The program also features more than 10 prestigious conferences. The main focus is on areas such as energy storage systems, electric power, lithium battery materials, recycling, raw material extraction, solid-state batteries, and other key industries.

Speaking at the opening ceremony, Jocke Zhu, President of the China Asia Economic Development Association, noted that in a rapidly changing global environment, partner countries need to jointly determine development priorities and mobilize existing opportunities.

According to him, entering the global market today is no longer a choice for companies but a requirement of the times – an irreversible trend. Global industrial and logistics chains are accelerating their regional and diversified transformation. Asia, the most dynamic center of global economic growth, accounts for more than 60 percent of the world’s population and generates over 40 percent of global economic growth.

Participants at the event received information on the country’s significant infrastructure potential and the range of preferences available to foreign investors. Key advantages of doing business in Uzbekistan were also outlined. Particular emphasis was placed on the large-scale reforms underway in the country, achievements in economic liberalization, the creation of a favorable investment climate, and the diversification of foreign trade relations.

UzA