Artel Electronics is the leading household appliances producer in Uzbekistan, with a domestic market share of over 50 percent.

Masdar pledged to supply electricity to Uzbekistan’s unified energy grid at "record low tariffs" for 25 years.

Uzbekistan said last week it planned to place two tranches of Eurobonds in dollars and soums, worth a total of $870 million on the London Stock Exchange.

The quantity of oil shipped through Azerbaijan, Georgia and on to Turkey and further into the Mediterranean market declined to 1.7 million tonnes in January to June this year.