A $146 million worth project was implemented jointly with the Russian national machine-building company Power Machines in the last three years.

The loan will support policy, regulatory, and institutional reforms needed to create an enabling environment for competitive financial markets in Uzbekistan.

The new contract stipulates more flexible commercial conditions - actual spot prices for “blue fuel”, while in the previous long-term contract the gas price was tied to the “oil basket."

Nare is passionate about women in tech and believes they are essential to the industry as they bring a complementary strength and point of view.

According to the government privatisation programme, SQB, also known as Uzpromstorybank, is to be handed over to private hands by 2023.

In September alone, the non-oil exports rose by 75.2 percent year-on-year to $224.7 million, while the country's total export amounted to $1.7 billion.