TASHKENT, Uzbekistan, December 4. Uzbekistan
and UAE have actually authorized a Memorandum of Understanding (MoU) focused on
establishing financial investment teamwork in concern fields of the
economic climate, consisting of the manufacturing, transmission and circulation of
renewable energy, Trend records.

The file was authorized by Uzbekistan’s Minister of Investment,
Industry, and Trade Laziz Kudratov, Uzbekistan’s Minister of Energy
Zhurabek Mirzamakhmudov, and the UAE’s Minister of Investment
Mohammed Alsuwaidi.

The authorized memorandum require the development of cooperation
in the domain names of wind, solar, and hydroelectric nuclear power plant, as
well as the building of centers in Uzbekistan for keeping
created energy.

A participating follow-up technique will certainly be gotten ready for the
reliable implementation of this arrangement, which will certainly consist of certain
techniques and the recognition of answerable frameworks for the
prompt satisfaction of commitments.

Meanwhile, the UAE’s whole financial investment profile in Uzbekistan
quantities at greater than $4 billion since July 2023.

Masdar, the UAE’s energy company, lately authorized a $2.6
billion arrangement with the Government of Uzbekistan for the
mixed advancement of solar PV and wind power tasks amounting to
2,150 MW and 500 MW, specifically.