Uzbekistan and the Korean Infrastructure and Urbanism Development Overseas Corporation (KIND) discussed creating a joint investment company and financing infrastructure projects. The parties agreed to accelerate work on establishing such a structure.
Meeting participants
Negotiations took place on October 21. Uzbekistan was represented by Deputy Minister of Investments, Industry and Trade Ibrohim Ergashev. He met with a Korean delegation.
Areas discussed
Participants explored cooperation opportunities in several areas:
- airport modernization;
- smart city concept development;
- road infrastructure.
Separate discussions covered investment attraction mechanisms, expanding financial cooperation, and selecting priority areas for joint initiatives.
Agreements reached
Following the meeting, the parties decided to:
- accelerate work on creating the investment company;
- explore financing opportunities for promising projects;
- continue discussing practical implementation mechanisms.
What this means for the market
For now, this represents an agreement to continue development work: no information has been disclosed about the company's capital size, financing volumes, or specific projects. For investors, this signals growing financial cooperation between Uzbekistan and Korea in the infrastructure sector, though final decisions and parameters remain to be determined.