Uzbekistan discusses plans to establish Tashkent International Financial Centre

President of Uzbekistan Shavkat Mirziyoyev held a meeting with Todd Boeli, the head of the American investment holding company Eldridge Industries. During the negotiations, priority areas for joint cooperation were outlined.

The main areas of cooperation included the mining industry, metallurgy, construction work, as well as the integration of digital solutions into urban infrastructure. According to information provided by the president's press service, this meeting took place on October 23.

As a result of the discussion, the parties reached an agreement to develop a common roadmap aimed at deepening multi-level partnership. Eldridge Industries is an American investment holding company that manages assets, insurance, real estate, infrastructure, technology, sports, and media. Under the management of this company is an asset portfolio exceeding 75 billion dollars.

Furthermore, previously Mirziyoyev received Bakytzhan Sagintayev, Chairman of the Eurasian Economic Commission Board. The discussion between them concerned issues of expanding economic interaction, reducing trade restrictions, and simplifying customs and transport processes.

The Governor of Tashkent Region, Zoir Mirzaev, met with the CEO of Lasselsberger Group, Josef Lasselsberger, to discuss plans for investing in the production of building materials and establishing modern production facilities in the region.

According to the Tashkent Region administration, the negotiations focused on strengthening economic ties and launching new industrial initiatives based on the company's international experience and advanced technologies.

Special attention was paid to the effective use of local raw material resources. The parties exchanged views on promising directions and explored opportunities for mutually beneficial cooperation.

Lasselsberger Group is one of the leading European manufacturers of building materials. The company was founded in 1957 and currently has 62 branches in 26 countries.

A number of investment projects involving this company are being implemented in Uzbekistan, aimed at the production and processing of building materials. These projects cover not only the Tashkent Region but also the Samarkand and Kashkadarya regions.

A meeting was held in Bangkok as part of regular meetings between the International Monetary Fund and the World Bank. Imad Fahuri, Vice President of the International Finance Corporation for the Middle East and Central Asia, and Jamshid Kuchkarov, Deputy Prime Minister—Minister of Economy and Finance of Uzbekistan, took part in it.

Lisa Kestner, Head of the IFC Unit for Kazakhstan, Turkey, and Uzbekistan; Nodirbek Ochilov, Deputy Chairman of the Central Bank of Uzbekistan; and Jasur Karshibayev, Advisor to the Minister of Economy and Finance, were also present at the negotiations, among other officials.

The participants discussed the successes achieved within the framework of large-scale reforms in the country, as well as opportunities to deepen mutually beneficial cooperation. Special attention was paid to the development of the private sector, infrastructure projects, and public-private partnership mechanisms.

During the dialogue, the implementation of joint initiatives in the fields of transport, energy, water management, and social infrastructure was reviewed. Among the major projects discussed were the construction of a toll highway between Tashkent and Andijan, the modernization of electricity distribution systems and irrigation pumping stations, as well as the application of PPP mechanisms in the water sector and the construction of general education schools in various regions.

In addition, the participants touched upon issues of mortgage market development, privatization of state enterprises, and the use of IFC expertise to improve business support. As a result of the meeting, the parties agreed to strengthen multifaceted interaction across all main areas.