The memorandum aims to explore and evaluate joint investment opportunities for new data centres in Uzbekistan.
The Ministry of Investment of the UAE and the Ministry of Digital Technologies of the Republic of Uzbekistan have signed an investment memorandum, establishing a framework for investment cooperation in digital infrastructure with a focus on data centre and artificial intelligence projects in Uzbekistan.
The memorandum was signed by Mohamed Hassan Alsuwaidi, Minister of Investment, and Sherzod Shermatov, Minister of Digital Technologies of the Republic of Uzbekistan.
Mohamed Hassan Alsuwaidi, Minister of Investment of the UAE, said, “This memorandum builds on the strong relations between the two nations, reflecting our commitment to mutual prosperity through collaboration in economically crucial sectors. Moreover, expanding data centres and AI capabilities in Uzbekistan contributes to enhancing its position as a preferred destination for digital investments in Central Asia.”
Sherzod Shermatov, Minister of Digital Technologies of Uzbekistan, said, “I am honoured to sign this memorandum with the Ministry of Investment of the UAE, marking a significant milestone in our efforts to transform Uzbekistan into a leading IT hub. This partnership presents unparalleled investment opportunities for UAE-based companies to tap into Uzbekistan’s vast potential, leveraging our country’s strategic location and favourable business environment. Together, we will unlock new avenues for growth, innovation, and economic development, positioning Uzbekistan as a key player in the global digital landscape. I am confident that this collaboration will yield substantial returns, driving progress and prosperity for both nations.”
The memorandum aims to explore and evaluate joint investment opportunities for new data centres in Uzbekistan, which would provide cloud and AI solutions to both private and government entities.
