Uzbekistan’s government has signed a $1.2 billion worth investment agreement with Dutch company Stone City Energy for the construction of a new thermal power plant in the ex-Soviet country, in a bid to attract foreign investors and develop the energy sector.

Uzbekistan and Pakistan's leaders have committed to pursuing the construction of a Trans-Afghan railway line that would link Central Asia’s most populous nation with Pakistani seaports, a project that is designed to attract significant cargo flows.

Uzbekistan’s Energy Ministry and Siemens Energy AG agreed to cooperate in the energy sector and implement joint projects, including on hydrogen and wind energy, the Central Asian country’s energy ministry said.

Uzbekistan lists several major state-owned enterprises for initial public offering in 2021-2023, as a part of its plan to reform its economy.

The price of oil could plunge to as little as $10 a barrel by 2050 if the world succeeds in electrifying the energy market and meeting the Paris Agreement goals, analysis by consultancy Wood Mackenzie shows.

Uzbekistan is taking steps to develop its capital market and increase the total volume of securities in free circulation to at least 5 percent of the country's GDP, as a part of its plan to reform its economy.

Uzbekistan’s first gas-to-liquids project, worth $3.6 billion, has entered its final stage after delays caused by the COVID-19 pandemic.