Strategic Partnership: Meeting with Karam Global Investments Holding Abu Dhabi

Representatives of IT Park Uzbekistan, led by Farkhod Ibragimov, held a meeting with the delegation from Karam Global Investments Holding Abu Dhabi. The goal of this meeting was to explore potential partnership relations and investment opportunities that could contribute to growth and innovation in Uzbekistan's digital economy sector.

 

Karam Global Investments Holding (KGI), part of the KARAM GROUP founded by His Excellency Khalid Seediq, is a major enterprise with a net investment capital of 1 billion USD. KGI focuses on supporting and developing innovative business across five strategic verticals: Mobility, Technology, Real Estate, Energy & Sustainability, and Advisory Services. With 1500 employees and offices in major cities such as Abu Dhabi, Singapore, Switzerland, Hungary, and Dubai, KGI is well-equipped to support visionary entrepreneurs and projects worldwide.

 

During the meeting, several key issues were thoroughly discussed to identify and expand potential collaborative opportunities. The participants explored various investment areas within Uzbekistan's developing digital economy, paying particular attention to enhancing e-government services, e-commerce platforms, and robust digital infrastructure. Significant attention was also given to important real estate investment projects, specifically the IT Park Cluster and the development of the “New Tashkent” area. These projects play a vital role in creating a favorable environment for technological business and startups. Additionally, representatives of Karam Global Investments Holding intend to share their valuable experience in AI and extend partnership between our organizations building strong AI-projects, as they have numerous projects in this field worldwide

 

The discussion also covered strategies for organizing joint investments and promoting IT Park and its residents through media channels in both Uzbekistan and the Gulf region. Additionally, the participants discussed support for establishing new legal entities in Uzbekistan. This initiative is aimed at assisting local startups in entering international markets, particularly in the UAE and the overall Gulf region. Furthermore, an important proposal was made for Karam Investments to act as direct foreign investment (FDI) consultants for the Ministry of Digital Technologies in the Gulf region. This role would strengthen the Ministry's strategic interests and enhance its influence in promoting Uzbekistan's digital and technological sectors in these key markets.

 

The meeting concluded with a mutual agreement to develop cooperation in several areas, including direct investments in IT infrastructure and the startup ecosystem in Uzbekistan. Both sides agreed to a follow-up session to review progress on the discussed issues, and to sign the MoU to emphasize their cooperation intentions.

 

This partnership will provide substantial benefits to both sides. For Uzbekistan, it brings much-needed direct foreign investments and expertise that can accelerate the digital transformation and economic diversification of the country. For Karam Investments, it opens new markets and investment opportunities in a rapidly growing economy poised to play a significant role in the digital landscape of the region. Furthermore, this collaboration aligns with Karam's strategy to support innovative enterprises and expand its influence in emerging markets.

 

The outcomes of this meeting mark a promising step forward for both Uzbekistan's digital ambitions and Karam's strategic objectives in the region.