The First Uzbekistan – Egypt Business Forum has kicked off in Tashkent region’s Bostanlyk district with the participation of responsible heads of the regional hokimiyat, regional department of the Chamber of Commerce and Industry of Uzbekistan, as well as representatives of partner organizations. Hokim of the region Zoir Mirzayev made a welcoming speech at the opening ceremony.

Representatives of more than twenty leading companies in the Arab Republic of Egypt are also participating in the business forum. As noted, the event serves to elevate the parties’ practical cooperation to a completely new, higher-quality, and meaningful level.

The region has attracted more than $5 billion in foreign investments in recent years. In particular, over 100 investment and industrial projects have been launched with leading companies and major brands of developed countries in building materials, energy and tourism, and the production of ceramic tiles. As a result, 100,000 new jobs have been created.

The guests were informed about the economic and industrial opportunities of Tashkent region. In particular, there are 6 free economic zones and 70 small industrial zones specializing in certain areas in the region. The region's high tourism potential is determined by favorable natural and climatic conditions, unique flora and fauna, ancient historical monuments, and sacred sites.

The business forum will include B2B meetings and cooperative exchanges with Egyptian businesspeople. They will discuss expanding cooperation between representatives of business circles and enterprises of Uzbekistan and Egypt. Presentations of various investment projects will also be held. The participants will become familiar with the tourist enterprises of Bostanlyk district and industrial technopark in Chirchik.

Signing mutually beneficial investment and trade agreements in tourism, pharmaceuticals, electrical engineering, and other areas is planned.

A.Musayev, UzA