Uzbekistan and US sign 54 deals worth $12 billion

Uzbekistan and the United States have signed 54 agreements in trade, investment and technology cooperation, with a combined value of $12 billion. The press service of Uzbekistan's Ministry of Investment, Industry and Trade announced the deals. The agreements cover industry, transport and energy infrastructure, critical minerals, the financial sector, digital technologies, agriculture, healthcare and education.

In transport, GE Aerospace will supply engines for new aircraft of Uzbekistan Airways, while Wabtec will help localise the production of railway equipment and spare parts. Agreements with Franklin Templeton, Oppenheimer & Co., Citigroup and BlackRock aim to help Uzbek companies access international capital markets, attract institutional investors and finance infrastructure projects.

In the mining sector, agreements with ReElement Technologies, Traxys and Trafigura cover the study and development of deposits, mineral supply and the development of Uzbekistan's expertise in critical minerals. A business programme drew representatives of more than 400 companies, including over 100 from the United States, 100 from other Central Asian countries and 200 Uzbek enterprises.