The office of Azerbaijan-Uzbekistan Investment Company was inaugurated in Tashkent. Minister of Economy Mikayil Jabbarov, Minister of Investment, Industry and Trade of Uzbekistan Laziz Kudratov, as well as representatives of the two countries’ institutions were given a tour of the office and familiarized with the facilities, Paralel.Az reports.

Back in December 2023, Azerbaijan-Uzbek Investment Company was registered in Uzbekistan as the "Azerbaijan Uzbek Investment" LLC Joint Venture.

The institution's mission is to support business growth and development by acquiring up to 49% of the capital in companies engaged in various economic activities. Headquartered in the "Trilliant Tower 1" Business Center in Tashkent, the investment company has an authorized capital of $500 million.

This joint venture seeks to promote import-substituting and high-tech production, boost trade turnover between the two countries, develop processing industries and innovations, and attract foreign investments.