Israel to start participating in privatization of state assets in Uzbekistan

A ceremony of signing a memorandum of understanding with the International Development Cooperation Agency (MASHAV) under the Ministry of Foreign Affairs of Israel was held at the Ministry of Investments and Foreign Trade.

Photo: Dunyo

MASHAV is the body responsible for the development, coordination and implementation of cooperation programs in the field of Israeli development and humanitarian aid.

The document envisages the creation of a bilateral cooperation mechanism in agriculture and water management, environmental protection, healthcare, education and other issues of interest to the parties in order to strengthen the human resources potential of Uzbekistan with the exchange of experience and knowledge and the financial support of Israel.

During the event, mutual opinions were exchanged on issues of further development of bilateral trade-economic, investment and financial-technical cooperation.

In order to establish a Businessmen’s Council between the Chambers of Commerce and Industry of the two countries and to define new directions of cooperation between Israeli business circles, agreements were reached on organizing a practical trip to Uzbekistan and determining the active participation of Israeli companies in the privatization of state assets in Uzbekistan.

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