Uzbekistan, South Korea ink deals for about $9B

By  Trend

Uzbekistan and South Korea signed documents and agreements totaling $ 8.94 billion within the framework of the visit of Uzbek President Shavkat Mirziyoyev to Seoul.

The two countries signed 75 documents, the press service covering the president's visit reported.

In particular, the parties signed documents for $ 2.95 billion in energy and oil and gas chemistry, $ 2.7 billion for banking and finance, $ 1.7 billion for construction and infrastructure development.

Also, the Ministry of Foreign Trade of Uzbekistan, Almalyk GMK JSC and Korean Institute of Rare Metals (KIRAM) signed a "road map" on cooperation in the field of scientific, technical and innovation activities.

The Korean Development Institute and the Agency for External Labor Migration of Uzbekistan signed a memorandum of cooperation, the Korean International Cooperation Agency (KOICA) and the State Committee for Investment of Uzbekistan signed a memorandum on the implementation of the cooperation program for 2018-2019.

The volume of investments of the Republic of Korea attracted to the economy of Uzbekistan exceeded $ 7 billion. Some 461 enterprises with the participation of South Korean capital operate in Uzbekistan. These enterprises successfully operate in the oil and gas, petrochemical and chemical, machine-building, electrical and textile industries, information and communication technologies, transport, logistics and tourism.