Uzbekistan–UAE trade rises 40% as Masdar and AMEA Power agree to expand projects
At the first session of the fuel-and-energy Investors Council in Tashkent on 16 October, President Shavkat Mirziyoyev met Masdar CEO Mohamed Jameel Al Ramahi and AMEA Power Chairman Hussain Al Nowais; bilateral trade has grown 40% since the start of 2026.
Trade turnover between Uzbekistan and the United Arab Emirates (UAE) has risen 40% since the start of 2026, and the two sides agreed to accelerate and expand joint projects. On 16 October in Tashkent, on the sidelines of the first session of the Investors Council for the fuel and energy sector, President Shavkat Mirziyoyev received executives of leading UAE companies.
Who attended
The meeting was attended by Masdar CEO Mohamed Jameel Al Ramahi and AMEA Power Chairman Hussain Al Nowais. Masdar is an Abu Dhabi-based renewable-energy company founded in 2006; AMEA Power specialises in solar, wind and energy-storage projects.
Areas agreed
The sides agreed to accelerate joint projects in green energy, modern infrastructure, industrial and cross-sector cooperation, tourism and services.
Masdar's portfolio
Masdar's portfolio in Uzbekistan comprises nine projects worth a combined $4.2 billion with a total capacity of 4.8 GW. With Masdar's participation, five solar power plants totalling 1,247 MW, the 500 MW Zarafshan wind farm and a 63 MW energy-storage system have been commissioned; a 300 MW solar photovoltaic plant is under construction in the Kashkadarya region.
AMEA Power projects
AMEA Power is building a 150 MW battery energy-storage system in Tashkent, with further projects planned in other regions of the country.
Context
The UAE has become one of Uzbekistan's major investors in recent years, especially in renewable energy. The 40% jump in trade and the new projects point to deepening economic cooperation between the two states.
