Uzbekistan Signs Multi-Billion-Dollar Deal in Washington

During his visit to Washington, Uzbekistan’s President Shavkat Mirziyoyev signed several bilateral agreements with U.S. companies. The agreements cover energy, critical minerals, agriculture, and infrastructure.

On February 18, Mirziyoyev oversaw the signing of several major projects. These include the development of a nationwide network of gas stations modeled after the U.S., a poultry farm, and a multi-billion-dollar project for the extraction and supply of critical minerals.

Gulf Oil announced plans to open at least 100 gas stations in Uzbekistan over the next two years. Approximately $150 million is set to be invested in retail real estate. Additionally, the company plans to allocate $50 million to expand its aviation fuel division.

Investments in Agriculture and Raw Materials

The Aviagen Broiler Breeding Group agreed to establish a breeding company for the Uzbek poultry industry. The $40 million project is expected to create an annual capacity of 4.5 million chickens.

Another agreement concerns the development of strategic raw materials such as tungsten and molybdenum. The project, which was already agreed upon in January, has a volume of one billion dollars and envisages a production capacity of 150 tons per year.

Planned IPO worth billions

Plans were also presented for a new logistics center designed to connect eastern and western routes. As part of an initial public offering, Centrum Holding plans to raise $600 million with a target valuation of around $2 billion. Oppenheimer and Citibank are set to advise on the transaction.

Mirziyoyev emphasized the strategic importance of the agreements. The focus is on long-term partnerships, stable framework conditions, and deepened economic cooperation with the U.S.

Peace Council and Gaza Aid

The signing of the agreements took place on the sidelines of the inaugural meeting of a newly established Peace Council, which was initiated by U.S. President Donald Trump. Heads of state and government from more than 20 countries attended the meeting.

The central topic was the reconstruction of the Gaza Strip. Trump stated that several countries had jointly pledged more than seven billion dollars for aid measures. Uzbekistan reaffirmed its willingness to participate in the reconstruction of infrastructure such as schools, hospitals, and residential buildings. A declaration supporting the activities of the Peace Council was subsequently signed.

This article was produced in cooperation with our partner bne intelliNews