Islamic Development Bank (IDB) and government of Uzbekistan signed a new partnership strategy for 2018-2021 worth US$ 1.3 billion. Uzbek President noted that cooperation between Uzbekistan and IDB covers projects in several sectors like modernization of road transport, energy and municipal infrastructure, housing construction in rural areas, development of drinking water supply system, health and education, support for entrepreneurial entities and others.
Uzbekistan and Russia signed an intergovernmental agreement on cooperation in construction of first nuclear power plant in Uzbekistan, as well as development of nuclear energy for peaceful purposes and training of personnel. The nuclear power plant will consist of two blocks of "3+" generation with pressurized water reactor of VVER-1200 model and with a total capacity of 2.4 GW based on Russian technologies. The agreement provides for cooperation in design and construction, as well as commissioning and operation of the nuclear power plant.
A South Korean company plans to start production of electric cars in Uzbekistan making it Central Asia’s leading manufacturer of electric cars. Total cost of project will be US$2 million, and manufacturing will start by end of next year.
Tajikistan’s trade turnover with CIS countries increased by 17.8% for eight months of this year compared to same period in 2017. During current year, Tajikistan’s trade with CIS countries totalled over US$1.5 billion.
Turkmenistan completed upgrade of its largest electric power plant which it hopes will help boost exports and eventually allow supplies to Pakistan. Turkmenistan sits on world’s fourth-biggest natural gas reserves and was hit hard by plunge in global hydrocarbon prices and is seeking to diversify exports in order to increase its hard currency earnings.
September 30, 2018