Islamic Finance

Islamic Development Bank to work on six new investment projects in Uzbekistan


Published 31 Aug,2021 via Arab News - Economy TASHKENT - Uzbekistan and the Islamic Development Bank have approved six new investment projects in multiple fields. No values were revealed for these projects.

The projects were greenlighted during a meeting between Uzbekistan Deputy Prime Minister Sardor Umurzakov, who is also the minister of investments and foreign trade, and Dr. Mohammed Al-Jasser, IsDB president and chairman of IsDB group, in Tashkent on Monday.

The projects are related to education, healthcare, improving quality of life in rural areas and small and medium enterprises.

The IsDB Group has so far supported over 100 projects aimed at the socioeconomic development of Uzbekistan.

The meeting came ahead of the four-day IsDB Group Annual Meetings, which will begin on Wednesday in Tashkent.

More than 2,000 delegates have registered for the meetings. A total of 2,500 delegates from 57 member countries are expected to take part in the event in person and online, according to a statement.

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