Azerbaijan and Uzbekistan have agreed to jointly develop a gold deposit in Uzbekistan, marking a new step in expanding economic and resource cooperation between the two countries.

The agreement was signed in Tashkent during a meeting attended by Azerbaijani Prime Minister Ali Asadov and Uzbek Prime Minister Abdulla Aripov, The Caspian Post reports via Report.

The signed documents include plans for joint exploration and development of a gold field involving Azerbaijan’s state-owned company AzerGold.

The cooperation package also covers expansion of banking sector ties between the International Bank of Azerbaijan and relevant Uzbek financial institutions, as well as potential joint development of other strategically important mineral resources in Uzbekistan, involving NEQSOL Holding.

The agreements aim to strengthen investment cooperation and enhance industrial collaboration between Baku and Tashkent, particularly in mining, finance, and resource development.

Asadov is currently on a working visit to Uzbekistan at the invitation of the host government to participate in the 5th Tashkent International Investment Forum, a major platform for international economic dialogue and investment promotion.