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NEWS AND EVENTS
March 24, 2011
President of Uzbekistan receives head of Honeywell
President of Uzbekistan Islam Karimov received a delegation of the American corporation Honeywell, headed by its chairman and chief executive officer David Cote at Oqsaroy residence in Tashkent on 23 March. The head of the state said that Uzbekistan considered the visit of Honeywell delegation as a good opportunity to discuss the progress of implementing agreements reached during the meeting in New York in September 2010. The conduction of the Uzbek-American business forum in Tashkent last month, which was also attended by representatives of Honeywell, was the evidence of the growing interest of the US capital to the rapidly growing market of Uzbekistan and the promising perspectives opening here. Today, large US companies like General Motors, Texaco, Chartis and a number of others are successfully carrying out major investments in Uzbekistan, while recognized leaders in the field of high technologies like Sikorsky Aircraft, Exxon Mobil and General Electric are showing great interest in developing cooperation with the country. During the meeting, David Cote said that the high award issued to Islam Karimov by the members of the American-Uzbek Commerce Chamber was a demonstration of the international recognition of the concept of gradual transition to the market economy, developed by the President of Uzbekistan and known worldwide as the “Uzbek model” of development. The representatives of the US corporation highly evaluated by high economic growth rates and the pace of structural reforms, based on the powerful economic and investment potential of Uzbekistan, its developed infrastructure, transport communications, stable banking and financial system and highly skilled personnel. This is why it is important for Honeywell Corporation to establish all-round cooperation with Uzbekistan. The sides held a thorough exchange of views on the current state and prospects of development of relations between Uzbekistan and Honeywell on a wide range of areas of economic cooperation, including attracting investments in high-tech investment projects, namely oil, gas, energy, chemical and aviation industries, as well as development of social infrastructure. It was noted with satisfaction that during the visit of Honeywell delegation to Uzbekistan a number of documents on implementation of projects in the oil and gas, chemical, aviation and other industries was signed. New projects in oil and gas, energy, electronics, chemical industry and development of social infrastructure are in the development stage. Islam Karimov expressed confidence that the joint implementation in Uzbekistan of mutually beneficial and long-term high-tech projects with Honeywell would give a new boost to the development of Uzbek-American investment cooperation.

UzA News Agency


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