AD Ports Group of the United Arab Emirates and HYT Capital have formed a joint venture to turn Uzbekistan into an international trade and logistics hub.
AD Ports Group of the United Arab Emirates and HYT Capital have formed a joint venture to turn Uzbekistan into an international trade and logistics hub.
The venture aims to expand export volumes and cut logistics costs for Uzbek businesses.
Uzbekistan is landlocked and depends on long overland routes to reach world markets, so logistics is one of its biggest competitive handicaps. Gulf money and port expertise is exactly what Tashkent has been courting to fix it.
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