Uzbekistan plans to develop uranium and copper mining with the U.S.
Local
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07 November 3918 3 minutes
At the conclusion of his working visit to Washington, President of Uzbekistan Shavkat Mirziyoyev held a meeting with representatives of leading U.S. companies, investment funds, and financial institutions, the presidential press service reported.
The event was attended by U.S. Secretary of Commerce Howard Lutnick, Special Assistant to the President Ricki Gill, Presidential Envoy Paolo Zampolli, U.S. Deputy Secretary of Agriculture Steven Vaden, as well as heads of the American–Uzbekistan Chamber of Commerce and senior executives from major corporations, including Traxys, FLSmidth, McKinsey, Meta, Google, Amazon, Boeing, Air Products, Axiom Space, Cove Capital, Freeport-McMoRan, Orion CMC, Cargill Cotton, John Deere, Honeywell, Valmont Industries, and Flowserve Corporation.
At the start of the meeting, President Mirziyoyev noted that over the past eight years, bilateral trade between Uzbekistan and the United States has increased fourfold, and more than 300 U.S. companies are now operating successfully in the country.
The President stressed that the current level of cooperation marks the beginning of a new stage that opens broad prospects for joint work. He also noted that upcoming talks with U.S. President Donald Trump will focus on concrete areas for economic cooperation and new joint initiatives.
In his speech, the Uzbek leader outlined priority areas of strategic partnership between the two countries.
By 2030, Uzbekistan plans to build a new energy system with 18–20 gigawatts of renewable generation capacity, with more than 50 percent of electricity produced from solar and wind power.
In this context, Uzbekistan and the United States intend to develop joint projects for the extraction and deep processing of uranium, copper, tungsten, molybdenum, and graphite. Plans include creating secure supply chains and introducing advanced U.S. processing technologies.
Additionally, a large-scale program is underway to modernize highways, railways, terminals, and airports. More than $12 billion is expected to be invested in transport infrastructure development by 2030.
Digital cooperation with U.S. tech giants such as Google, Meta, and NVIDIA is also expanding, including the introduction of Apple Pay and Google Pay, as well as the creation of a Digital Academy and a network of startup hubs.
To support and finance such initiatives, Uzbekistan plans to engage the U.S. International Development Finance Corporation (DFC) and the U.S. Export–Import Bank (EXIM).
Concluding the meeting, President Mirziyoyev stated that he is personally ready to support the investment initiatives of U.S. companies and emphasized that Uzbekistan remains a reliable partner and a guarantee of success for foreign investors.
Earlier, President Mirziyoyev met with EXIM President John Jovanovich and DFC CEO Scott Nathan, and also held talks with U.S. Secretary of Commerce Howard Lutnick.