What the Uzbekistan–US agreements worth $12 billion include
Agreements between Uzbekistan and American companies worth a total of $12 billion cover banking services, payment systems, the stock market, communications, healthcare and agriculture.
Yulduz Salimov2 min read
Agreements between Uzbekistan and American companies worth a total of $12 billion cover banking services, payment systems, the stock market, communications, healthcare and agriculture. The information was reported by the TV channel O'zbekiston 24, and is based on material published by UzDaily.
Banking, payments and the stock market
Under an agreement with the American Column Bank, citizens of Uzbekistan will be able to open accounts in US banks.
The agreement with Visa envisages the creation of a national payment card and its connection to the global VisaNet network.
Mastercard will focus on developing digital wallets and financial services based on artificial intelligence. As expected, this will make payments by phone more convenient and secure.
An agreement on the modernisation of the Tashkent Republican Stock Exchange and the preparation of large state-owned enterprises for IPOs has been reached with Nasdaq. In the future, this will allow citizens to buy shares of large companies and receive a share of their income.
Communications and healthcare
Amazon LEO plans to provide high-speed internet across the whole republic via satellites in low Earth orbit. Viasat will study the possibility of installing high-speed Wi-Fi on new aircraft purchased by Uzbekistan Havo Yo'llari.
The US International Development Finance Corporation (DFC) will finance the construction of a modern multidisciplinary hospital in Fergana. Accuray will introduce the latest technologies in oncology and radiation therapy in Samarkand.
According to the authors of the report, this will reduce the need for patients with serious diagnoses to travel to the capital or abroad for treatment. GE HealthCare will equip regional cardiology and neurology centres with high-tech equipment.
Agriculture
Valmont Industries plans to introduce rain-fed irrigation technologies.
Together with 6th Grain, a satellite-based system for forecasting the yield of cotton and grain crops will be introduced.
Source: uzdaily.uz
