The Ministry of Foreign Affairs of Uzbekistan talked about attracting Russian investments in the tourism industry

Uzbekistan is working to attract Russian investments for the development of the tourism industry, the Ministry of Foreign Affairs of the republic told Izvestia.

Start small: the number of state-supported tourism SMEs has doubled

Restaurants, cafes and hotels attracted the most funding.

"Cooperation with Russia in this area continues to strengthen. We welcome the growing tourist flow from Russia and are actively working to expand our bilateral cooperation. In this context, work is underway to attract investments, including Russian ones, in the development of tourism infrastructure," the country's diplomatic department stressed.

The competent authorities and relevant organizations of Uzbekistan maintain a dialogue with Russian partners in various areas related to the development of tourism. Negotiations are underway on possible investment projects, including in the field of hotel business, transport infrastructure and tourism services.

"We are ready to consider promising initiatives that will further strengthen the tourism potential of our country," the Uzbek Foreign Ministry concluded.

Tourism development is just one of the areas where Russia and Uzbekistan cooperate. The trade turnover between the two countries has almost doubled in six years and exceeded $10 billion by the end of 2024.

Read more in the exclusive Izvestia article:

Expectation into reality: Uzbekistan will attract Russian investments in the tourism industry