Uzbekistan-Singapore Business Forum was held

A business forum of business circles of Uzbekistan and Singapore was held in the capital's International Congress Center.
This forum, organized within the framework of the visit of the President of Singapore Halima Yakub to our country, is of great importance in further strengthening business relations between entrepreneurs of the two countries.            

The opening ceremony was attended by President of the Republic of Singapore Halima Yakub, Deputy Prime Minister of the Republic of Uzbekistan Jamshid Khojayev, as well as heads of relevant ministries and departments, industrial associations, large companies of Uzbekistan and Singapore.            

Such events are an important platform for exchanging detailed information about the investment climate of both countries, reaching an agreement on the organization of frequent meetings of businessmen.            

The Head of our state Shavkat Mirziyoyev, at the invitation of President Halima Yakub, paid a state visit to Singapore in January this year. After this meeting, cooperation between our countries has intensified even more, and the agreements reached are being successfully implemented. 

As a result of the historic visit, which opened a new chapter in the development of mutually beneficial cooperation, a portfolio of investment projects worth $ 3.8 billion was formed.

The positive dynamics of foreign trade between Singapore and Uzbekistan was noted, the volume of which has increased almost six times since the beginning of the year compared to the same period in 2022. Cooperation in the field of investment cooperation and industrial cooperation is increasing. The number of joint ventures with Singapore capital has increased 3.5 times over the past seven years. In particular, joint projects are being implemented with major Singapore companies in the field of "green" energy, agriculture, pharmaceutical industry, education, tourism, and privatization of assets of state-owned companies.

Singapore's President Halima Yakub stressed the priority of partnership in investment, trade and economic sphere and industrial cooperation. She highly appreciated the results of mutual visits at the highest level. 

The event also included panel discussions on the development of partnerships in education, transport, urban planning, and finance. 

Following the results of the business forum, a solid package of investment agreements and trade contracts was signed in a number of areas of mutual interest for the business circles of both countries.