Uzbekistan and Spanish SERCOBE to enhance collaboration across sectors

This collaborative initiative was discussed at a meeting between Uzbekistan’s Ambassador to Spain, Farrukh Tursunov, and Hector Rodriguez, Director of the SERCOBE department for cooperation with Eastern Europe and CIS countries.

Uzbekistan and the Spanish SERCOBE National Association of Manufacturers of Capital Goods have signed an agreement to hold presentations and roundtable discussions aimed at improving cooperation in agriculture, water resources, energy, and the environment.

This collaborative initiative was discussed at a meeting between Uzbekistan’s Ambassador to Spain, Farrukh Tursunov, and Hector Rodriguez, Director of the SERCOBE department for cooperation with Eastern Europe and CIS countries.

The discussions delved into the current state of interaction between Uzbekistan and Spain, covering trade, economic, financial, and investment spheres, with a particular focus on the manufacturing of industrial equipment. Both parties explored promising areas of cooperation, aiming to harness the untapped potential in agriculture, water-energy, and environmental fields.

Notably, Spanish Santander Bank has expressed its readiness to allocate credit funds amounting to $500 million. These funds will play a pivotal role in financing prospective investment projects anticipated to be implemented in Uzbekistan, further underlining the commitment of Spanish financial institutions to support the country’s economic endeavours.

In addition to financial collaboration, the Vice President of Spanish company Almar Water Solutions, Aranzazu Mencia Saeta, expressed the company’s keen interest in participating in the construction and modernization of treatment facility projects in Uzbekistan. The Spanish side has demonstrated its readiness to establish a water treatment plant, utilizing its advanced technologies, in the satellite city of Samarkand through a public-private partnership.

Aranzazu Mencia Saeta highlighted the comprehensive approach to the project, noting that the financial aspects would be covered by the company’s funds and loans from international financial institutions. This strategic collaboration not only reflects the technical prowess of Spanish companies but also aligns with Uzbekistan’s commitment to advancing its infrastructure and environmental initiatives.

The multifaceted collaboration between Uzbekistan and SERCOBE signifies a shared vision for fostering innovation and sustainable development across key sectors. The emphasis on agriculture, water resources, energy, and the environment underscores the mutual recognition of the significance of these fields in driving economic growth and environmental stewardship.