Since 2016, Uzbekistan's government has spent over $200 million to develop the fishing industry across the country of over 34 million.

The Central Asian country has been carrying out reforms in its energy sector to modernise ageing infrastructure and implement energy-efficient technologies, as well as to develop clean energy.

The Karauzyak wind farm project worth $108 million is the first wind energy project in Central Asian country of which the foreign investor was selected in an open tender.

The loan agreements between the Eximbank and Uzbekistan's Ministry of Investment and Foreign Trade were signed in Seoul ahead of President Shavkat Mirziyoyev’s visit to South Korea.

Funds comprise a low-interest concessional loan of $250 million, repayable over 30 years, and a non-concessional loan of $150 million at market interest rates, repayable over 12 years.

Under the project, the railway track linking Uzbekistan’s two ancient cities, Bukhara and Khiva, UNESCO world heritage sites, through Miskin and Urgench will be electrified.