$26.6 billion: the total amount of signed agreements, which is 141.8% higher as compared to the results of the last years’ Forum.

$4.85 billion: the largest agreement, signed within the framework of The Forum with ACWA Power.

$2.5 billion: the mandate of the International Islamic Trade Finance Corporation (ITFC) for the implementation of the historic program “Trade Connect Central Asia+” (TCCA+), which was announced during the Forum.

2,500+ participants from 93 countries

TASHKENT, Uzbekistan, May 8, 2024 /PRNewswire/ — The Ministry of Investment, Industry and Trade of the Republic of Uzbekistan is delighted to share the strong results of the third Tashkent International Investment Forum that took place from 2 to 3 May.

This year, The Forum was attended by a record number of participants: 2,500+ from 93 countries around the world. Within the framework of the Forum, agreements were signed totaling $26.5 billion, which is 141.8% higher than the results of last years’ Forum ($11 billion).

Agreements were signed in various sectors: from renewable energy and digital technologies to textiles and agriculture, among others.

The largest agreement was signed with ACWA Power (Saudi Arabia) and involves the construction of wind power plants capable of generating power to around 4.5 million houses in Uzbekistan per year. This project is worth $4.85 billion.

Moreover, agreements were signed on the implementation of the following investment projects:

• “Data Volt” (Saudi Arabia): construction of urban infrastructure in “New Tashkent” with total project amount of $1 billion, as well as a data center amounting $3 billion.
• “Amea Power” (UAE): wind power station project with a capacity of 1000 MW in the Republic of Karakalpakstan, totaling $1.1 billion.
• “Saudi Tabrid” (Saudi Arabia): heating system modernization projects in Nukus, Fergana, and Kuvasay totaling $750 million.
• “Nil Shugar” (Egypt): sugar beet cultivation and production project in the Jizzakh region totaling $500 million.
• “Shanghai Knud International” (China): textile and sewing production in Namangan region totaling $205 million.
• “Wilmar International” (Singapore): food production project in Tashkent region totaling $200 million.

In addition, agreements were reached at the Forum with a number of major global companies, such as “Orascom Investment” (Egypt), “Sayar” (USA), “Goldwind”, “Sinoma” (China), “Sam Yapi” (Turkiye), “Pasha Development” (Azerbaijan) “Lasselsberger” (Austria) and “Petrosat Chexelsoton” (Iran)  

Also, as a result of the Forum, an agreement was signed with the International Islamic Trade Finance Corporation (ITFC) for the implementation of the “Trade Connect Central Asia+” (TCCA+) program, aimed at significantly increasing the volumes and shifting the structure of trade between the countries of Central Asia and Azerbaijan. The ITFC’s mandate for the implementation of this program amounts to $2.5 billion. The project’s ultimate objective is to increase the share of regional exports of non-mining and non-oil-and-gas products among the 6 countries of the region to 23% within 5 years.

Following the Forum’s results, the Minister of Investment, Industry and Trade of Uzbekistan, Laziz Kudratov, remarked: “In three years of holding The Forum, this year’s event has been the most successful – and the level of discussion as well as the quantity and value of signed agreements showcase this. Also, most importantly, the opening speech of the President of Uzbekistan, which began the Forum, confirmed to existing investors in the country the wisdom of their decision, and served to persuade potential investors of the compelling attractiveness of the New Uzbekistan: the big country with big opportunities. We are open to cooperation and look forward to welcoming investors – for whom we are creating a positive environment in which they can create value for their businesses and for the people of Uzbekistan“.

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NEOM, Saudi Arabia, May 8, 2024 /PRNewswire/ — The Board of Directors of NEOM has announced Jaumur, the largest cosmopolitan luxury community set on the coast of Gulf of Aqaba, designed to serve the highest standards of future livability and active lifestyle. This new addition promises a unique blend of experiences on both land and sea, complementing NEOM’s evolving regional development in northwest Saudi Arabia.

Jaumur is an exclusive residential community thoughtfully master planned around an inspiring marina for more than 6,000 residents. Embedded into the varied topography of the Gulf of Aqaba coast, it features 500 marina apartments and nearly 700 luxury villas, boasting waterfront access and private mooring. Two distinctive destination hotels within Jaumur offer 350 luxurious rooms and suites, inviting guests to enjoy the breathtaking views and embrace all aspects of modern coastal hospitality and sporting activities.

The marina serves as the focal point of the development, the beating heart around which the vibrant community of Jaumur thrives. A monumental 1.5-kilometer aerofoil rises above the largest of the yacht berths, providing year round protection for yacht owners and a haven for the marina’s residents and guests. The aerofoil incorporates a gravity-defying cantilever to form a stunning entrance to the marina, welcoming the world’s largest superyachts. The sculptural structure is a landmark that serves as the perfect base for all the marina attractions, for committed yachting enthusiasts and adventurers seeking personalized experiences.

The marina promenade will be a place alive with entertainment, leisure and cultural experiences, hosting year-round arts events and performance programs, complemented by signature retail stores and world-class dining options.

Jaumur’s commitment to innovation and learning is embodied in the development’s state-of-the-art deep-sea research center and top-tier international boarding school. The research institute is dedicated to deep-sea exploration, welcoming established experts and ambitious pioneers to champion marine discovery, knowledge and conservation and establish NEOM as a world-leading hub for oceanographic research.

The international boarding school will attract select students from around the world, preparing them for global achievement through an exclusive and progressive, broad based education, delivered by a diverse international faculty of experts and innovators.

Jaumur’s unique architectural design integrates water where golden sands meet the deep blue of the Gulf of Aqaba. It is a luxury destination to visit, explore, live and prosper: an opportunity to become part of a dynamic community.

Jaumur follows the recent announcements of Leyja, Epicon, Siranna, Utamo, Norlana, Aquellum, Zardun, Xaynor, Elanan, Gidori, and Treyam as sustainable tourism destinations within the Gulf of Aqaba, all woven together by NEOM’s commitment to sustainable progress.

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About NEOM

NEOM is an accelerator of human progress and a vision of what a New Future might look like. It is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory – a place where entrepreneurship will chart the course for this New Future. It will be a destination and a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.

NEOM will include hyperconnected, cognitive cities, ports and enterprise zones, research centers, sports and entertainment venues and tourist destinations. As a hub for innovation, entrepreneurs, business leaders and companies will come to research, incubate and commercialize new technologies and enterprises in groundbreaking ways. Residents of NEOM will embody an international ethos and embrace a culture of exploration, risk-taking and diversity.

For further information email [email protected] or visit www.neom.com and www.neom.com/en-us/newsroom.

This material is distributed by Teneo Strategy LLC on behalf of NEOM Company. Additional information is available at the Department of Justice, Washington, DC.

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VILNIUS, Lithuania, May 8, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is thrilled to announce the launch of an extraordinary campaign in celebration of its 6th anniversary. From May 8 to May 31, BingX users are invited to join in the festivities, promising an exhilarating lineup of events and rewards for enthusiasts diving into the dynamic realm of crypto trading. To express its profound appreciation for its dedicated community, BingX is proud to inaugurate the celebration with an impressive prize pool totaling 13 Million USDT, a testament to the integral role users have played in its journey of success.

Marking its 6th year milestone, BingX reflects on its inception in 2018 with a visionary mission to serve as the gateway to the next generation of crypto users, making crypto accessible and friendly to all. Over the past six years, BingX has remained steadfast in its commitment to empowering traders with a reliable and robust trading platform equipped with innovative features and a diverse range of products.

Throughout the carnival period, BingX users can anticipate a myriad of captivating online campaigns tailored to futures trading, spot trading, fiat trading, and wealth management, respectively. For futures trading aficionados, exclusive individual and group trading competitions, generous giveaways, limited-time promotions, and more await, boasting an impressive total prize pool of 12 million USDT. Additionally, daily clock-ins will be rewarded with hot coins and trial funds, complemented by engaging games such as Kick-and-Win activities. Spot traders will also have the opportunity to participate in Kick-and-Win games, with tiered awards based on their actual trading volume. BingX is also introducing special wealth management products to enhance the celebratory atmosphere, featuring flexible deposits offering APYs of up to 10% and a grand Team-up Deposit Season. Furthermore, cash bonuses will be distributed based on the fiat trading volume.

Vivien Lin, Chief Product Officer of BingX, shared her enthusiasm for the upcoming campaign, stating, “At BingX, we remain steadfast in our dedication to providing users with innovative solutions that propel their success in the cryptocurrency market. As we witness the growing interest in the market and a surge in trading activity, we are delighted to offer a promotion unlike any other, aimed at rewarding our users and extending a warm welcome to new participants joining our vibrant community.”

About BingX 

Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became Chelsea FC’s principal partner, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

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