Tashkent hosted the International Investment Forum and the session of the Foreign Investors Council under the President of the Republic of Uzbekistan.

Representatives of leading companies and banks, prestigious international organizations, and financial institutions noted the high performance of the Tashkent Investment Forum.

Members of the Council of Foreign Investors shared their opinions about the event.

Sri Prakash Lohia, Chairman of the Board of Indorama Corporation (Singapore):

– We have implemented many large projects in Uzbekistan in the textile industry and agriculture, providing jobs for more than ten thousand people. We also contribute to the introduction of products grown on this land to the world market. Working with international financial organizations and reputable companies helps to realize this. Your country has created a favorable environment for entrepreneurs. Recently, we again talked with representatives of the Ministry of Agriculture about the launch of new projects and the introduction of modern technologies for the development of the industry. We, entrepreneurs, are glad that the country has created an opportunity for open dialogue and that our proposals are being responded to.

Min-Suhk Lee, CEO of Youngone Corporation (South Korea):

– Work to improve the investment environment in Uzbekistan is bearing fruit. Centralization of mutual interests in agreements leads to increased investment. Legal reforms in this direction and measures to combat corruption deserve high praise.

Let me tell you a little about our activities. We are one of the largest textile companies in the world. For fifty years now, many well-known brands have been among our regular customers. The company’s production enterprises operate in different countries, including Uzbekistan. Your country was the first in Central Asia where we launched our activities. We have invested in the construction of effectively operating enterprises in the city of Samarkand and Tashkent region and intend to make an additional investment of thirty million dollars. The growing number of such projects can be described as a symbol of confidence in Uzbekistan.

Mohamed Al Ramahi, CEO of Masdar (United Arab Emirates):

– Uzbekistan has become my second home. As the Leader of the country noted, irreversible reforms are being implemented here. There is no need to talk much about the results – we all see and feel it. Uzbekistan warmly welcomed us and our company in 2018. We joined the development reforms within the framework of green energy projects. In recent years, solar and wind power plants have been built in several regions of the country, and new projects are constantly being developed. Where issues with electricity are resolved, there will be development and investment. This is one of the conditions for progress. Your President listened in detail to the opinions expressed by the members of the Council, which is very important and speaks volumes in terms of the country’s leadership’s disposition towards investors and businesspeople.

Ikrom Avvalboyev, UzA