EDB and UzOman agree on a strategic partnership in Uzbekistan

The Eurasian Development Bank (EDB) and the Uzbek-Omani Investment Company (UzOman) have signed a Memorandum of Understanding to develop investment projects in Uzbekistan. The cooperation will focus on transport and logistics infrastructure.

The document was signed by Alexey Skatin, Senior Managing Director of the EDB, and by Omar Bahram, CEO of UzOman.

As Alexey Skatin noted, investments in transport and logistics infrastructure remain a key driver of economic growth for Uzbekistan and the entire Eurasian region. “Uzbekistan’s economy is growing at over 7%, and the country is playing an increasingly important role in regional connectivity. We see great potential in partnering with such an experienced and strategic investor as UzOman to support projects that will enhance the country’s and the entire region’s transit potential”, he emphasized.

In turn, Omar Bahram stated that cooperation with the EDB creates new opportunities for implementing large-scale infrastructure initiatives. According to him, combining the parties’ expertise will significantly enhance the development of the logistics sector and the country’s economy as a whole.

Under the memorandum, UzOman will propose investment projects to the EDB for potential co-financing. The Bank will assess these projects for compliance with its investment policy and strategic priorities.

The parties expect that the partnership will contribute to economic growth, job creation, and increased welfare in Uzbekistan and other EDB member states.

Aziza Alimova, UzA