Uzbekneftegaz and SOCAR signed an agreement on developing a network of modern filling stations, with the first phase covering the construction of five outlets. The International Bank of Azerbaijan (ABB) and Davr Bank concluded a document on acquiring a controlling stake in the Uzbekistan-based bank and launching a project under the ABB Davr brand.
In the presence of the two heads of state, a gypsum plant operated by Matanat-A and two STEAM schools run by Landau Education Group were also opened. Construction began on the Sea Breeze Uzbekistan tourism and residential complex, the Baku City residential complex, a silver ore processing facility, and new fruit orchards.
These new initiatives add to an existing investment portfolio that spans gold and rare earth mining, building materials production, housing construction, and agricultural processing.