Uzbekistan to attract $50 million to create high-tech Park
Uzbekistan, Tashkent, April 2 /Trend D.Azizov/
Uzbekistan will attract a credit line from the State Development Bank of China (SDBC) amounting to $50 million to create an industrial park of high technology in the Jizzakh region of the country in 2012-2013, the Ministry of Foreign Economic Relations, Investments and Trade (IBEC) of the Republic said on Monday.
It is planned to build about 15 plants in the electrical, construction, agricultural and engineering industries with the participation of Chinese companies in 2012. The first production units will be commissioned in the second half of 2013.
Financing of the joint projects in the park will be implemented by credit from the SDBC and by Uzbek partners.
These measures are included in a special plan of action to implement the signed agreements reached during the visit of Uzbek President Islam Karimov to China in April 2011.
As previously reported, 2011 SCDB and the National Bank of Foreign Economic Activity of Uzbekistan signed a memorandum on the use of a credit line worth $50 million in November to build high-tech Park in the country.
According to the State Statistics Committee, the volume of trade amounted to $2.596 billion in 2011. There are 382 joint Uzbek-Chinese companies and 65 representations of Chinese companies in Uzbekistan.
The Ministry of Foreign Economic Relations, Investments and Trade of Uzbekistan signed a memorandum of cooperation with Cambridge and Oxford universities in the UK, involving the British universities in attracting investors and modern technology to create a technology park in Tashkent, worth $ 200 million.
In early 2011 MFERIT signed a memorandum of cooperation with Cambridge and Oxford universities in the UK, involving the British universities in attracting investors and modern technology to create a technology park in Tashkent, $200 million.
The memorandum provides the establishment of a joint venture which will build an industrial park in Tashkent on more than 230 thousand square meters over five years.