The UAE and Uzbekistan discussed enhancing cooperation in emerging sectors of the new economy.

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Talks focused on boosting investment, tourism, and fintech to strengthen UAE-Uzbek economic ties.

DUBAI: Abdulla bin Touq Al Marri, Minister of Economy and Tourism, met with a high-level Uzbek delegation to explore ways to expand bilateral economic and investment cooperation.

The discussions focused on advancing sustainable development partnerships across key sectors, including the new economy, tourism, aviation, fintech, transport, and renewable energy.

Both sides also reviewed opportunities to strengthen collaboration in food security, logistics, manufacturing, infrastructure, and banking, with the aim of deepening economic integration.

The Uzbek delegation included Deputy Prime Minister and Minister of Investment and Foreign Trade Jamshid Khodjaev, as well as Laziz Kudratov, Minister of Investment, Industry, and Trade.

During the meeting, Bin Touq highlighted the strengthening ties between the two countries, noting that more than 2,300 Uzbek companies are currently operating in the UAE.

He emphasised that the meeting represents an important step toward translating market opportunities into tangible joint ventures, fostering mutual growth and enhancing direct engagement between the two nations’ business communities.

Tourism cooperation has recorded notable growth, with the number of Uzbek visitors to the UAE rising by 25%, from 57,575 in 2024 to 71,969 in 2025.

UAE representatives outlined recent economic reforms and legislative updates aimed at sustaining an open and competitive business environment.

These measures include enhanced liquidity support for companies, reduced operational costs to help offset global economic challenges, and streamlined customs procedures designed to empower the private sector and attract investments in new economy sectors.

Both sides also discussed upcoming collaboration through Investopia Tashkent. Held in partnership with the Tashkent International Investment Forum, the event will focus on exploring investment opportunities in new economy sectors across the UAE, Uzbekistan, and broader Asian markets.

This initiative reflects the shared commitment of both nations to fostering a dynamic and resilient business environment that supports future cooperation.

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