Qatar Chamber, Uzbekistan discuss Industrial, Investment Cooperation
Qatar Chamber discussed on Thursday with the Agency for the Development of Light Industry under the Cabinet of the Republic of Uzbekistan, economic and trade relations between the two countries, as we...
On Thursday, the Qatar Chamber engaged in discussions with the Agency for the Development of Light Industry under Uzbekistan's Cabinet, focusing on economic and trade relations, potential investment opportunities, and the incentives offered to foreign investors. Dr. Mohamed bin Jawhar Al Mohamed, a member of the Qatar Chamber Board, emphasized the significance of the visit in strengthening cooperation between Qatari and Uzbek private sectors and discovering partnership prospects.
He highlighted Uzbekistan's robust economic growth but noted that bilateral trade levels were lower than anticipated, underscoring the necessity to bolster private-sector collaboration. The expert also identified light industries as a promising arena for joint ventures, mentioning potential collaborations in manufacturing, production, technology, and other domains.
He lauded Qatar's investment-friendly environment, state-of-the-art infrastructure, advanced economic and logistics zones, and its strategic position facilitating access to regional markets.
Oybek Khodjaev, Director of the Uzbek Agency for the Development of Light Industry, revealed that the delegation consisted of 14 prominent Uzbek enterprises specializing in textiles. He pointed out that light industries constitute roughly 10 percent of Uzbekistan's economy, with around 10,000 companies operating within the sector, and exports extending to 87 countries.
Khodjaev further highlighted that Uzbekistan is currently concentrating on broadening its reach into African and Gulf markets, and expressed the Agency's willingness to present Qatar's investment opportunities to the Uzbek business community.
Dr. Ashraf Khodjaev, the Ambassador of the Republic of Uzbekistan to Qatar, proposed the establishment of a textile and fabric manufacturing facility in Qatar through a joint Qatari-Uzbek initiative. This venture would leverage Uzbek expertise and technology alongside Qatar's investment-friendly atmosphere, incentives, and accessible raw materials. He suggested that such cooperation could position Qatar as a regional and global center for textile and fabric production.
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