Uzbekistan Seeks BlackRock's Assistance to Establish Financial Hub, Accelerating Investment Competition in Central Asia
Uzbekistan has sought BlackRock's assistance in establishing its financial center, a move that is accelerating the competition among Central Asian nations to attract foreign investment, Nikkei Asia reported. Analysts noted that despite growing investor interest, the local market's insufficient depth, coupled with issues such as weak governance and inadequate market liquidity, may continue to deter some investors.
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