Uzbekistan and Spain moving toward a new stage of economic partnership

Relations between Uzbekistan and Spain are developing not only in the diplomatic, but also in the economic sphere. During the latest dialogue, representatives of both countries discussed strengthening mutually beneficial cooperation, implementing new investment projects, and creating favorable conditions for business.

At the meeting, main attention was given to defining promising directions of bilateral partnership and exchanging views on concrete practical steps. Both sides expressed strong interest in fully utilizing the existing potential and further expanding economic relations.

Proposal to open a BancoSantander branch in Uzbekistan

Special emphasis was placed on the proposal to open a branch of the prestigious Spanish financial institution BancoSantander in Uzbekistan. Such an initiative would undoubtedly create wide opportunities for accelerating investment flows, facilitating the entry of Spanish companies into the Uzbek market, and implementing mutually beneficial business projects.

Discussions included the possibilities of providing financial support to local entrepreneurs via banking infrastructure, opening credit lines, and direct lending. This could become a significant resource base not only for large investment projects, but also for small and medium-sized enterprises.

Focus on project financing and “green energy”

During the negotiations, particular attention was paid to the financing of infrastructure and industrial facilities, as well as modern solutions in the energy sector. The Spanish side expressed interest in financing a number of major projects.

In particular, the project with the Almalyk Mining and Metallurgical Complex and the joint program with LLC Solar Nature for building a solar photovoltaic plant attracted strong interest. These projects hold both economic and environmental importance, reflecting the commitment of both countries to a “green” future.

Next steps and expert-level consultations

At the end of the meeting, an agreement was reached on further deepening of economic relations, developing new cooperation formats, and continuing expert-level consultations to implement the set objectives.

In conclusion, the economic partnership between Uzbekistan and Spain is entering a new phase. Cooperation in infrastructure, banking, and renewable energy serves the mutual interests of both countries and supports the broader goals of sustainable development. Such direct and practical dialogues are a result of Uzbekistan’s active policy toward taking its rightful place in the global economy. Read 'Zamin' on Telegram!