London hosted a business forum dedicated to Uzbekistan’s investment and trade-economic potential.

The event brought together more than 120 representatives of leading British companies, including Shell, BP, Glencore, JCB, Lloyd’s, HSBC, AstraZeneca and others.

The participants were presented with fundamental measures to support Uzbekistan’s economic development, opportunities created for foreign investors, and guarantees of their legal protection. The specific investment projects in renewable energy, chemistry, metallurgy, electrical engineering, and pharmaceuticals were also presented.

During his speech, Nodir Sidikov, partner of the leading international law firm Fieldfisher, stressed that Uzbekistan’s policy of openness and socio-economic reforms, including the introduction of preferential tax and customs systems, are creating favorable conditions and opening up new prospects for foreign investors.

Rob Grinnell, a representative of Export Certification Limited, noted that the interest of British business in Uzbekistan is growing. Thanks to the reforms in this area, Uzbekistan is becoming an increasingly attractive platform for British companies wishing to expand their presence in new markets.

Bilateral meetings and negotiations on specific investment and infrastructure projects were held as part of the forum. The participants expressed their intention to participate in the next meeting of the Uzbek-British Trade and Industry Council (UBTIC) in Tashkent, which is scheduled for November next year.

Aziza Alimova, UzA