ZARMET IPG Signs Strategic Memorandum of Cooperation with Cuba

ZARMET International Project Group (IPG), represented by its Founder and CEO, Zakir Avezov, has signed a Memorandum of Cooperation with Cuba during a meeting with Antonio Castro Soto del Valle, son of the great Cuban leader, the legendary Comandante Fidel Castro.

The agreement marks a significant milestone in the development of international relations and underscores ZARMET IPG’s commitment to building strong partnerships on a global scale.

“This memorandum reflects our dedication to expanding international cooperation and creating long-term projects that will benefit both nations,” said Zakir Avezov, Founder and CEO of ZARMET IPG. “We believe this partnership will open new horizons for Uzbekistan and Cuba in strategically important sectors.”

Key Areas of Cooperation

Under the agreement, the parties will collaborate in:

• Energy and the oil & gas sector

• Mining and metallurgical projects

• Investments in industrial and infrastructure initiatives

• Digital technologies and innovation

• Medical and biotechnological research (including pharmaceuticals and technology transfer)

Why Cuba Matters for Uzbekistan

Despite external political constraints, Cuba remains a country of unique potential:

• A world leader in biotechnology and medicine

• Extensive expertise in organic agriculture

• One of the largest tourism hubs globally

• A strong voice in international diplomacy and the Non-Aligned Movement

For Uzbekistan, this partnership creates new channels into Latin America while fostering opportunities for technology exchange, trade, and humanitarian cooperation.

Strategic Importance for ZARMET IPG

Leveraging its international experience and business networks across Europe, Asia, the CIS, the USA, and Latin America, ZARMET IPG will actively facilitate the implementation of joint initiatives.

The memorandum serves as a foundation for concrete steps toward advancing bilateral projects and attracting international investments.