In a significant virtual meeting between His Excellency Mohamed Bin Hadi Al Hussaini, UAE’s Minister of State for Financial Affairs, and His Excellency Jamshid Kuchkarov, Deputy Prime Minister and Minister of Economy and Finance of Uzbekistan, both parties explored potential avenues for expanding financial cooperation. The meeting follows a positive government delegation visit from Uzbekistan to the UAE’s Ministry of Finance last November, which was part of the “Financial Leadership Program.” This program aims to foster knowledge exchange in finance, banking, and investment.
Al Hussaini expressed his admiration for Uzbekistan’s ongoing development and public-private partnership initiatives. He emphasized the UAE’s commitment to building on these achievements, saying, “We are committed to strengthening our financial relations with Uzbekistan to foster growth and prosperity for both nations.”
Uzbekistan’s public-private partnership program has garnered attention for its success, with a significant focus on sustainable development. Al Hussaini noted that enhanced collaboration would drive further progress and create new opportunities for mutual benefit. The two ministers expressed their shared vision of fostering growth through increased financial partnerships.
Al Hussaini also highlighted the UAE’s continued dedication to strengthening ties with Uzbekistan, especially in the fields of finance and investment. He praised the strides Uzbekistan has made in its economic strategy and reaffirmed that both countries will continue working together to promote long-term growth. The exchange also marked a pivotal moment for both nations to build upon their bilateral relations, with more discussions expected on innovative financial solutions and expanding economic horizons.
This virtual meeting, highlighting financial cooperation, comes at a time when both nations are exploring new markets and opportunities for development. The focus remains on public sector investments, fostering business growth, and enhancing the shared goals of both countries for a prosperous future. With further high-level engagements expected, the strengthening of economic ties is set to remain a priority.
The dialogue between Al Hussaini and Kuchkarov reflects a growing global trend of countries leveraging financial partnerships to stimulate economic growth. By sharing insights on governance, investments, and financial infrastructure, both nations aim to build a foundation for future economic success. The potential for further collaboration remains strong as they continue working towards mutual growth.
In addition to discussing financial opportunities, the two ministers also touched on regional economic stability and the importance of long-term economic planning. Uzbekistan’s strategies for financial reforms, including its progressive approach to improving fiscal policy and attracting foreign investments, were highlighted as key areas for continued collaboration.
Both sides recognized the importance of not only strengthening existing financial partnerships but also exploring new sectors where they can work together. These could include innovations in fintech, the development of green energy projects, and further deepening trade relations.