Iran seeks investment in Uzbekistan’s Khorezm energy, tourism projects

President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) says Iran and Uzbekistan can cooperate in infrastructural, energy, and tourism projects.

22 September 2024
ID : 55738
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President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) says Iran and Uzbekistan can cooperate in infrastructural, energy, and tourism projects.

Speaking during an Iran-Uzbekistan Joint Business Forum in Khiva, west of Khorezm region of Uzbekistan on Friday, Samad Hassanzadeh said that both Iran and Uzbekistan enjoy abundant economic, natural potentials as well as expert manpower.

“We can engage in joint investment projects in the areas of energy, transportation, agriculture and tourism,” he said.

The president of Iran Chamber of Commerce also stressed that Iran and Uzbekistan enjoy huge economic potentials. He added that if the infrastructural obstacles are removed, they will witness significant increase in bilateral exchanges.  

He expressed hope that Iran and Uzbekistan will witness further expansion in cooperation in the area of trade, industry and investment.

In another business forum which was held in Tashkent a day earlier, Hassanzadeh said that “our first objective is to increase the current (bilateral) $500 million trade to $1 billion.” He expressing hope that this goal will be achieve by the yearend.

He complained that Uzbekistan’s tariffs on Iranian goods are higher than those imposed on other countries.

Referring to Iran’s special geographical position which he said provides every country with profitable trade through transit routes, he invited Uzbekistani businesspeople to invest in the North-South corridor and the development of Makran coast in southern Iran.  

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