UAE & Uzbekistan sign investment MoU for digital cooperation

UAE & Uzbekistan sign investment MoU for digital cooperation

The Ministry of Investment of the UAE and the Ministry of Digital Technologies of the Republic of Uzbekistan have signed an investment memorandum. The MoU establishes a framework for investment cooperation in digital infrastructure with a focus on data centre and artificial intelligence projects in Uzbekistan. The memorandum was signed by Mohamed Hassan Alsuwaidi, Minister […]The Ministry of Investment of the UAE and the Ministry of Digital Technologies of the Republic of Uzbekistan have signed an investment memorandum.

The MoU establishes a framework for investment cooperation in digital infrastructure with a focus on data centre and artificial intelligence projects in Uzbekistan.

The memorandum was signed by Mohamed Hassan Alsuwaidi, Minister of Investment, and Sherzod Shermatov, Minister of Digital Technologies of the Republic of Uzbekistan.

Uzbekistan’s digital market has been experiencing steady growth since the adoption of the Digital Uzbekistan – 2030 strategy in 2020, which paved the way for the country’s transformation over the next decade.

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 $361.40 million in 2028.

The memorandum aims to explore and evaluate joint investment opportunities for new data centres in Uzbekistan, which would provide cloud and