WEDNESDAY 9 MAY

Uzbekistan: Now is the Time to Invest

Wadi Rum Hall, Ground Floor

 

Rich in natural resources, Uzbekistan is the most populous country in Central Asia with strong entrepreneurial traditions, a diversified manufacturing base, vast agricultural opportunities and a unique cultural heritage at the centre of the Silk Road.

The government has launched broad political and economic reforms and has already made impressive progress in liberalising the economy and improving the investment climate,  as well as strengthening relationships with its neighbours and the international community. Uzbekistan was recently named among the top 10 business environment improvers in the World Bank’s Doing Business rankings. This is opening up exciting opportunities for investors.

 The panel will discuss the key reforms under implementation; the improvements in the investment climate and measures to strengthen it further; and investment opportunities and priorities.

 

The EBRD in Uzbekistan

 

Moderator

Natasha Khanjenkova

Managing Director, Central Asia and Russia, EBRD

Keynote

Sukhrob Kholmuradov

Deputy PM / Chairman of the committee for investments, Cabinet of Ministers of the Republic of Uzbekistan/State Committee of the Republic of Uzbekistan for investments

Speakers

Sardor Kariev

General Manager, Jurabek laboratories Ltd J. V.

Cyril Muller

Vice President, World Bank Group

Sardor Sagdullayev

Head of Department of the Republic of Uzbekistan for investments, State Committee of the Republic of Uzbekistan for Investments

Richard Tollis

Partner, Infrastructure Advisory EMEIA, Ernst & Young

Sardor Kariev

General Manager, Jurabek laboratories Ltd J. V.

Natasha Khanjenkova

Managing Director, Central Asia and Russia, EBRD

Natasha Khanjenkova is Managing Director for Central Asia and Russia of the European Bank for Reconstruction and Development. She joined the EBRD in 1993 and initially worked on credit lines for support of small and medium sized enterprises in CIS countries. In 1999 Mrs Khanjenkova moved to the EBRD Corporate Recovery team, where during seven years she led a number of restructurings of banks and companies in various sectors in Russia, Central and Eastern Europe and Central Asia. In February 2007, she moved to Moscow as a Deputy Director for Infrastructure and Energy. In October 2008 she was appointed as Director in charge of the Bank’s Infrastructure and Energy business in Russia. In April 2010 Mrs. Khanjenkova was appointed as Managing Director for Russia. From 1 April 2015 – January 2017, Managing Director for Turkey and Central Asia.

 

Sukhrob Kholmuradov

Deputy PM / Chairman of the committee for investments, Cabinet of Ministers of the Republic of Uzbekistan/State Committee of the Republic of Uzbekistan for investments

Mr Kholmuradov is Deputy Prime Minister, Chairman of State Committee for Investments of the Republic of Uzbekistan.
He has served as EBRD Governor for Uzbekistan since December 2017.
From 2016 to 2017, he was the First Deputy Chairman and then Chairman of the Board of the National Bank for Foreign Economic Activity of the Republic of Uzbekistan. Before that, he was the Director of Corporative Business Department in «Hamkorbank» and then the First Deputy Chairman of private «Hamkorbank». From 2005 to 2009, he worked as an expert in one of the biggest consulting companies of Uzbekistan. Mr Kholmuradov has also held a range of positions in the central bank and other commercial banks of Uzbekistan.
He graduated from Samarkand Cooperative Institute in 1995 and the Tashkent Financial Institute in 2000.

Cyril Muller

Vice President, World Bank Group

Cyril Muller joined the World Bank’s Europe and Central Asia region as Vice President on 1 July 2015.

Previously, from 2011 to 2015, he was Vice President for External and Corporate Relations. Prior to that, he was the Director for Banking and Debt Management in the World Bank Treasury, responsible for modernizing the financial products available to member countries and providing public debt management advisory services. From 2005 to 2010, he served as the World Bank’s Special Representative for Europe, based in Paris. Muller has held a range of positions across the World Bank since 1991, with an external break in service from 2000-2005. He holds economics degrees from Neuchatel University in Switzerland and New York University.

 

Sardor Sagdullayev

Head of Department of the Republic of Uzbekistan for investments, State Committee of the Republic of Uzbekistan for Investments

Sagdullayev joined the State Committee for Investments of the Republic of Uzbekistan as Head of Department in February 2018.
From November 2017, he served as adviser on foreign economic issues to the Chairman of the Board of the National Bank for Foreign Economic Activity of the Republic of Uzbekistan. From 2009 to 2017 Sagdullayev served as a representative of Uzbekistan and adviser to the Executive Director at International Monetary Fund and World Bank in Washington, DC. From 2005 to 2009 Sagdullayev served as the Head of Department at Central Bank of Uzbekistan.
He graduated from the University of World Economy and Diplomacy of Uzbekistan (Bachelor of International Economics) in 1997 and holds an MBA on Financial Management from Pace University (New York, USA).

 

Richard Tollis

Partner, Infrastructure Advisory EMEIA, Ernst & Young

 

Richard Tollis is EY’s Partner leading  EMEIA Infrastructure Team. Richard has more than 18 years’ experience in the Transactions space advising the public and private sectors on M&A, privatisation, PPPs, fund design and raising debt and equity. He also has significant experience operating in many different roles across the Infrastructure sector including infrastructure fund management, government, investment banking and wider lead financial advisory work. Richard has worked in a large number of EMEIA markets across Western Europe, CIS, Baltics, MENA, South Africa, India and holds an MSc from Bristol University.