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Uzbekistan|economy|May 18, 2023 / 06:22 PM
National Bank of Uzbekistan and China Development Bank sign 1.18 billion yuan loan agreement

AKIPRESS.COM - Xi'an hosted Uzbekistan – China Business Forum on the eve of the state visit of President of Uzbekistan Shavkat Mirziyoyev to China on May 17, UzA reported.

The event was attended by over 600 representatives of the two countries' largest Chinese companies, business circles, and financial institutions, which made it possible to demonstrate the great interest of Chinese investors in implementing joint projects in Uzbekistan.

The business forum further deepened the comprehensive strategic partnership and enhanced multifaceted cooperation between Uzbekistan and China.

The participants focused on the implementation of cooperation projects in the development of transport infrastructure, renewable energy, and the creation of industrial parks and agricultural clusters in the regions of Uzbekistan with the participation of leading Chinese companies.

During the business forum, JSC National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) and China Development Bank (CDB) signed an agreement on attracting a credit line for 1.18 billion yuan. The credit line will be used to finance an infrastructure project in transport for the purchase of passenger buses and electric buses.

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