ICIEC and Uzbekistan Investment Promotion Agency Sign MoU Encouraging Foreign Investments in Uzbekistan 

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the Uzbekistan Investment Promotion Agency (UzIPA), have signed a Memorandum of Understanding (MoU) to promote foreign investment in Uzbekistan, according to a media report.

Why it Matters?

Chief Executive Officer of the ICIEC, Oussama Kaissi, noted that foreign direct investments (FDIs) are a crucial aspect of economic growth, acting as a catalyst for sustainable development in member countries. These FDIs are expected to contribute to Uzbekistan’s economic and social development.

Details

The MoU also facilitates opportunities for joint visits and workshops pertaining to areas of technical assistance, cooperation, training, ca...