The President of Uzbekistan visited the Lee Kuan Yew School and held a meeting with the business community of Singapore

On January 17, in the afternoon, President of the Republic of Uzbekistan Shavkat Mirziyoyev visited the Lee Kuan Yew School of Public Policy at the National University of Singapore, one of the leading higher educational institutions in the world, as part of the program of his state visit to Singapore.

The school, named after the former Prime Minister-reformer of Singapore and architect of Singapore's "economic miracle", specializes in training specialists in master's programs in public policy and international relations, as well as in scientific and political research.

For several years now, the school has been ranked first in the world rankings of higher education institutions. It also organizes short-term training programs for senior officials from foreign countries.

As you know, an important role in Singapore's economic and social success was played by a well-thought-out personnel policy, priority attention to the training of qualified, competent and honest management personnel. The leader of our country pays special attention to these issues from the very beginning of his activity. In this context, the study and application of Singapore's experience in the field of training civil servants is of great importance.   

The Head of our state got acquainted in detail with the activities of the school, and also discussed the prospects of bilateral cooperation with the leadership of the educational institution.

The signing ceremony of the Cooperation Agreement between the Academy of Public Administration of Uzbekistan and the Lee Kuan Yew School of Public Policy was held in the presence of the President of Uzbekistan.

Then the President of our country held a meeting with the heads of leading companies and financial structures of Singapore.

The event was attended by the Minister of Trade and Industry of Singapore Leng Si Tang, Chairman of the Singapore Business Federation Ming Yang Lim, heads of 15 major companies such as Indorama, Meinhardt group, CPG Corporation, Changi Airports, Singapore Institute of Management Development, TMC Academy, Virtus Health" and others.

Welcoming the participants of the meeting, President Shavkat Mirziyoyev drew attention to the fact that the visit to Singapore is his first trip abroad in the new year 2023, which indicates Uzbekistan's exceptional attention to establishing strong and mutually beneficial relations with Singapore.

It was noted that due to the implementation of systemic reforms in Uzbekistan, the inflow of investments increased to a level exceeding 30 percent of GDP. In 2022 alone, $8 billion of foreign direct investment was attracted to the economy.

The results of the Uzbek-Singapore business forum held the day before, within the framework of which new investment, trade and financial agreements worth almost $ 5 billion were concluded, were noted with satisfaction.

"This is evidence of a significant intensification of our cooperation, its obvious success and filling the agenda of Uzbek-Singapore relations with practical and qualitative content," the President of our country noted.

But the potential of the partnership has not been exhausted. As President Shavkat Mirziyoyev noted, our countries can significantly expand bilateral cooperation.

"The best practices of Singapore companies are of great interest to us," the head of our state said. - I am sure that the synergy of innovations and technologies of Singapore partners with the resource and human resources potential of Uzbekistan will ensure the stable development of future joint projects.

The leader of Uzbekistan highlighted the most promising areas for long-term and mutually beneficial cooperation, including the participation of Singapore companies in the privatization processes in Uzbekistan, the development of urban and transport infrastructure, the implementation of joint projects in the chemical and textile industries, the "green" economy, education, healthcare and others.

Readiness was expressed to provide Singapore entrepreneurs with the necessary production infrastructure, broad support in the form of benefits and guaranteed purchases, as well as to provide other assistance measures.

Noting that the reforms carried out in Uzbekistan are aimed at ensuring that our country is associated with reliability and stability among foreign partners, President Shavkat Mirziyoyev called on Singaporean entrepreneurs to take advantage of the opportunities for mutually beneficial cooperation and actively invest in the economy of our country.

A detailed exchange of views took place on plans to expand the partnership. In their speeches, representatives of Singapore business highly appreciated the economic reforms being implemented in Uzbekistan. We shared plans for the implementation of specific projects in our country.

After talking with each member of the business delegation, the head of our state invited entrepreneurs to visit our country and personally get acquainted with the favorable investment climate created.

Following the meeting, the responsible leaders from the Uzbek side were instructed to develop and approve a Plan of practical measures with the inclusion of all the announced projects and the indication of step-by-step mechanisms, specific deadlines and performers.

This concluded the fruitful state visit of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to Singapore.

Singapore officials conducted the distinguished guest at Changi International Airport. The head of our state flew to Tashkent.