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LoginUzbek Minister of Investment to QNA: Qatari-Uzbek Trade and Investment to Significantly Grow in Next 5 Years
Doha, June 24 (QNA) - HE Minister of Investment, Industry and Trade in the Republic of Uzbekistan Laziz Kudretov affirmed that the next five years will witness significant growth in the volume of trade and mutual investments between the State of Qatar and Uzbekistan, with Qatari investments moving from the stage of studying opportunities to active implementation in the energy, infrastructure, industry and finance sectors.
He noted that Uzbekistan represents a strategic gateway to the markets of central Asia and beyond, which enhances the regional expansion opportunities for Qatari investors.
In an exclusive statement to Qatar News Agency (QNA), His Excellency said that economic and investment relations between Qatar and Uzbekistan are witnessing steady development, supported by the strategic partnership agreement that Uzbekistan ratified in 2025. He noted that the volume of trade exchange between the two countries increased by more than 30% last year, while Uzbek exports to Qatar recorded growth exceeding 36%.
HE the Minister added that the greatest momentum in bilateral cooperation is concentrated in seven key sectors: transport and logistics infrastructure, energy, chemical industries, agriculture, education and tourism, in addition to exploring promising opportunities in the pharmaceutical, mining and financial sectors, including the possibility of Qatari banks entering the Uzbek market.
Regarding joint projects, His Excellency noted the work to reach a preferential trade agreement between the two countries, and the organization of the 'Made in Uzbekistan' exhibition in Doha this year, in addition to developing projects in the mining, metal processing, building materials and chemical industries sectors. He emphasized that there is an opportunity for Qatari investments in power generation projects, oil and gas exploration and production, real estate, smart cities and tourism infrastructure.
He added that the energy sector is a top priority for Qatari investors, along with the processing of vital minerals, manufacturing industries and building materials, in addition to the services sector, which is witnessing remarkable growth in the fields of financial technology and artificial intelligence, as Uzbek services exports reached about $10 billion. He noted that these opportunities are supported by economic reforms and increasing institutional stability.
Concluding his statement to QNA, HE the Minister stressed that the private sector represents the main driver of bilateral economic relations, pointing to the development of its capabilities in Uzbekistan to work with foreign investors and establish partnerships and joint projects, in addition to activating economic dialogue platforms in Tashkent and Doha, adopting digital mechanisms to follow up on projects and monitor risks, as well as the role of the Foreign Investors Council in solving the challenges facing investors. (QNA)
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