EU launching major investment package for Central Asia

The European Union has announced the launch of a €12 billion Global Gateway Investment Package for Central Asia, the head of the European Commission, Ursula von der Leyen, said at the EU - Central Asia summit, Report informs.

"There is so much we can achieve in these four priority areas: The transport corridor, raw materials, clean energy, and digital connectivity. And to accelerate progress, today I am proud to announce a Global Gateway Investment Package worth EUR 12 billion. It will bring together investments from our Union and Member States. We call it a Team Europe approach. And it will launch a new pipeline of projects to Central Asia. This is truly the start of a new era in our ancient friendship.

Colleagues, these are exciting times for Europe and Central Asia. This Summit opens a new chapter in our relations. Today we launch a Strategic Partnership. This Partnership shows you can rely on the EU. Working together we can cultivate closer relations which benefit both our regions. Relations which we strengthen and grow through new friendships and trading networks. The two Forums later this year will be an opportunity to judge progress. And explore new areas of cooperation. The best really is yet to come," she added.