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Uzbekistan Aims to Enhance Tech Cooperation with Iran, Eyes $1 Billion Investment in 2024: Ambassador

Uzbekistan’s ambassador to Iran revealed on Thursday plans to intensify collaboration with Iran in the technology sector, aiming to significantly increase bilateral investment to $1 billion in the year 2024. The announcement comes as Uzbekistan seeks to build upon the momentum of previous partnerships and explore new avenues for cooperation with its Iranian counterparts.

Speaking to reporters during a visit to the Iran Lab Expo, an exhibition showcasing laboratory equipment and chemicals in Tehran from January 2 to 5, the ambassador highlighted the burgeoning ties between the two nations in the tech domain. Noting that Kazakhstan’s cooperation with Iran in the tech sector amounted to $500 million in 2023, the envoy expressed Uzbekistan’s determination to double that figure within the current year.

While addressing reporters, the ambassador underscored the significance of collaboration in key sectors such as textile industry and agriculture, pinpointing them as focal points for bilateral cooperation between Uzbekistan and Iran. These sectors hold immense potential for mutual benefit and represent areas where both nations can leverage their respective strengths to achieve sustainable growth and development.

During the Iran Lab Expo, an Uzbek delegation is actively engaging with Iranian counterparts, exploring avenues for partnership and exchange of expertise. The delegation’s agenda includes a scheduled meeting with representatives from 20 Iranian knowledge-based companies, aiming to foster dialogue and identify areas of mutual interest for collaboration.

Mehdi Elyasi, an official from the scientific and technological affairs department of Iran’s Presidency Office, highlighted the proactive efforts of Iranian knowledge-based companies in enhancing their capabilities. Elyasi noted that approximately 10 percent of these companies have already demonstrated their capacity to export their products, underscoring the potential for further expansion and integration into global markets.

As Uzbekistan and Iran deepen their engagement in the technology sector, stakeholders from both sides remain optimistic about the prospects for fruitful collaboration and mutual prosperity. With bilateral ties poised to scale new heights, the envisioned $1 billion investment target signifies a shared commitment to harnessing the transformative power of technology for the collective advancement of both nations. Stay tuned for further updates as Uzbekistan and Iran embark on this journey of strategic partnership and innovation.

 

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