On 2 February 2026, a working meeting was held between representatives of the Kazakhstan Foreign Investors’ Council Association (KFICA), led by Governing Board Chairman Erlan Dosymbekov and Director Zhanna Baidasheva, and the Foreign Investors Council under the President of the Republic of Uzbekistan (FIC Uzbekistan). Participants from the FIC Uzbekistan Secretariat included Mr. Aziz T. Gafurov, Head of the Secretariat, and Mr. Khakimniyaz Kaipbergenov, Programme Coordinator, from Asian Development Bank (ADB) Mr. Sherzod Akbarov, Senior Country Economist.

The meeting focused on developments in the investment climate and explored opportunities to strengthen regional cooperation across Central Asia and the Caucasus. The participants highlighted that countries in the region face similar challenges in attracting investments and share comparable expectations from the international business community, which creates a strong foundation for expanding collaboration between national investment councils.

Special attention was given to the initiative to establish a Regional Alliance of Investment Councils of Central Asia and the Caucasus (RAIC-CAC), proposed by the Asian Development Bank and endorsed during the 5th Interim Session of the Foreign Investors Council under the President of the Republic of Uzbekistan on 19 November 2025, chaired by Mr. Laziz Kudratov, Minister of Investment, Industry and Trade, with the support of Deputy Prime Minister Mr. Jamshid Khodjaev.

The RAIC-CAC initiative aims to create a practical, action-oriented regional platform for coordinating investment policy reforms, facilitating structured public-private dialogue, developing joint analytical materials and policy recommendations, and enhancing engagement with international financial institutions.

At the conclusion of the meeting, both parties reaffirmed their mutual interest in continuing the dialogue and agreed to hold further consultations on potential cooperation formats and the future development of the initiative.