ECONOMY   Investment  

Uzbekistan welcomes Iranian investment in its economy

Uzbekistan’s Prime Minister Abdulla Nigmatovich Aripov said his country welcomes Iranian investors and private sector’s contribution to its economy, Tasnim news agency reported on Monday.

Making the remarks in a meeting with Iran’s First Vice President Es’haq Jahangiri and Iranian Transport Minister Mohammad Eslami, the Uzbek prime minister also said that the level of trade between the two countries has increased in recent months compared to the same period last year, however it is still not at the level it should be.

He pointed to transportation as an important area for the development of Tehran-Tashkent economic cooperation, noting that the two countries’ economies should complement each other.

“Hopefully after holding Iran-Uzbekistan Joint Economic Committee meeting in the near future, we would see the two countries’ economic relations develop significantly,” he added.

Jahangiri, for his part voiced Iran’s readiness for signing a comprehensive memorandum of understanding (MOU) with Uzbekistan for transport cooperation between the two nations.

He underlined the great economic capacities of Iran and Uzbekistan, saying that the two countries should take necessary measures to remove barriers to the trade development between the two countries so that the two sides could reach a comprehensive agreement on trade cooperation as soon as possible.

“The two countries’ economies can complement each other and Iran is ready to expand its relations with Uzbekistan in all areas,” the official added.


Leave a Comment:


EU HRC: Small buyers unwilling to take risk

Small hot-rolled coil (HRC) buyers deem the supply situation in Italy to be too risky, and are either looking for alternative sources or delaying purchases.

Fagor Ederlan Group inaugurates a new Plant in Bergara

The factory, specializing in low-pressure aluminum components for the automotive sector, has involved an investment of 55 million euros

Buzios to drive Petrobras production growth

Brazil's state-controlled Petrobras plans to spend around $18bn over the next five years to develop the giant Buzios pre-salt field, the biggest single investment under the company's $75.7bn 2020-24 business plan.

Rio Tinto to extend Kennecott ops to 2032

UK-based global miner Rio Tinto has approved a $1.5bn investment that will extend its US copper operations to 2032.

Foreign Investment in Iran Increased by 26%

A total sum of $784.6 million foreign finance has been directly invested in 55 projects in Iran in the past 7 months, according to the Ministry of Industry, Mine and Trade which adds that it is a 26.1 percent jump in comparison with figures from corresponding period in the last year.

Iran, Nigeria to Broaden Economic Ties

Iranian Vice President for Economic Affairs Mohammad Nahavandian, in a meeting with Nigerian President Muhammadu Buhari, highlighted that the two sides can increase economic relations in areas of petrochemicals, energy, agriculture and industry, adding that Tehran is willing to help Abuja with investment and technology transfer.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners