UAE, Uzbekistan sign investment memorandum to boost digital infrastructure development

 


UAE's Ministry of Investment 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 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.The data centre market in the country is projected to grow by 9.82 percent between 2024 and 2028, resulting in a market volume of US$ 361.40 million in 2028.


 Additionally, the agreement seeks to attract major cloud service providers to the country, assess the potential for super-computer projects, explore the development of language models specific to Uzbekistan, and establish a local talent ecosystem for AI and computing, apart from facilitating strong and effective collaboration between the public and private sectors in the two nations.


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.


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. 

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