Uzbekistan and Qatar agree on joint implantation of energy, chemical, agro-industrial projects worth $12 bln

TASHKENT. June 6 (Interfax) - Uzbekistan is expecting to implement projects in the fields of energy, gas chemistry, agriculture and a number of other industries with the help of Qatari investments.

According to the President of Uzbekistan's press service, at talks between the head of state Shavkat Mirziyoyev and the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, who is in Uzbekistan on a state visit, agreements were reached on the joint implementation of investment projects worth over $12 billion.

"An agreement was reached on the participation of leading Qatari companies in the implementation of major investment projects in the energy, gas chemical industry, agriculture, infrastructure, logistics, tourism and other industries worth over $12 billion," the statement said.

To support promising projects, it was proposed to hold an Uzbek-Qatari investment forum in September of this year, as well as to consider creating mechanisms for financing joint projects, the press service said.

"The heads of state stressed the importance of forming the shortest, most reliable and safe transport and logistics corridors connecting Central Asia with the countries of the Persian Gulf," the report says.

As a result of the Uzbek-Qatari talks, 15 documents were signed with the goal of further developing and deepening trade, economic, investment and other areas of cooperation. In particular, agreements were signed on the mutual encouragement and protection of investments, on the avoidance of double taxation, and on cooperation in the field of labor relations.