The Presidents of Uzbekistan and Türkiye met with the heads of leading companies of the two countries

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June 6, 2024

The Presidents of Uzbekistan and Türkiye met with the heads of leading companies of the two countries

The first meeting of the Uzbekistan – Türkiye Business Council, chaired by the Presidents of the Republic of Uzbekistan Shavkat Mirziyoyev and the President of the Republic of Türkiye Recep Tayyip Erdoğan, was held in Ankara on June 6.

From the Uzbek side, the council included Global Textile, ProCab, Agromir Group, ERIELL Group, Akfa Holding, Murad Buildings, SAG, BMB Holding, and Uzbekistan Hydrogen.

The Turkish side was represented by holding companies such as Çalık, Cengiz, Acibadem, Eczacıbaşı, Anadolu Group, Aksa Energy, Zorlu, Kalyon, Onur Group and others.

This is the first time dialogue with entrepreneurs has taken place in this format. The Presidents of Uzbekistan and Türkiye emphasized that creating the Uzbekistan – Türkiye Business Council symbolizes achieving a new level in developing bilateral relations.

The need for regular council meetings was noted to promptly resolve all emerging issues and promote priority areas for further investment, trade, and economic cooperation.

The President of Uzbekistan noted with satisfaction the progressive dynamics of the bilateral trade, economic, and investment partnership. Thus, over the past five years, the number of enterprises with Turkish capital has tripled to 2,000, and the volume of investments has doubled.

Following the joint business forum and business events held the day before, a solid package of bilateral documents was signed in agriculture, construction, energy, healthcare, geology, electrical engineering, building materials production, jewelry, textile, and leather industries.

The President cited several examples of successful activities of the Turkish companies Cengiz Energy, Aksa Energy, Çalık Holding, Eczacıbaşı, and Anadolu in the energy, construction, mining, and food industries.

The Leader of Uzbekistan outlined several promising areas of partnership, primarily the expansion of investment collaboration and industrial cooperation.

An agreement was reached on creating the Uzbekistan – Türkiye Industrial Cluster, which will become an industrial zone in Uzbekistan and facilitate practical interaction between the two countries.

The President of Uzbekistan paid particular attention to the development of public-private partnership mechanisms, based on which joint projects worth more than $3 billion are planned to be implemented.

Cooperation in the mining industry is another priority. Large Turkish mining and geological companies have already begun practical work on studying and extracting mineral resources.

President Recep Tayyip Erdoğan noted that Türkiye strives to strengthen mutually beneficial relations with Uzbekistan in all areas.

He emphasized the great potential for increasing direct cooperation between business circles. The Turkish Leader called on the Council participants to engage in constructive dialogue to strengthen trade, economic, and investment ties.

During the exchange of views, representatives of the Turkish business community highly appreciated the opportunities created by the irreversible reforms being carried out in Uzbekistan, which create a solid basis for implementing Turkish business’s long-term plans in Uzbekistan.

The heads of leading companies in Uzbekistan and Türkiye made specific proposals at the meeting to further deepen cooperation in priority areas.

The heads of state sincerely thanked business representatives for their willingness to work together and instructed responsible leaders to provide comprehensive support to entrepreneurs.