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Russian billionaire to help finance Uzbek tourism development

Business Materials 30 May 2017 21:06 (UTC +04:00)

Tashkent, Uzbekistan, May 30

By Demir Azizov– Trend:

Russian billionaire of Uzbek origin Alisher Usmanov will take part in the financing of the project for the development of the tourist potential of Bukhara city, reads the decree of Uzbek President Shavkat Mirziyoyev “On measures for accelerated development of tourist potential of Bukhara city and Bukhara region for 2017-2019.”

Bukhara city is one of the main tourism centers of Uzbekistan.

In accordance with the decree published on the website of the Uzbek presidential press service, Usmanov’s direct investments and funds for charity will be raised together with the funds from other sources for the financing of the “Construction of Kadimiy Bukhoro (Ancient Bukhara) tourist zone” project.

The National Bank for Foreign Economic Activity of Uzbekistan has been defined as the authorized bank for organization of the project’s implementation scheme.

In addition, it is planned to implement the “Construction of artisans’ neighborhood in historical part of Bukhara” project. The Uzbek State Joint Stock Commercial Bank Asaka has been defined as the authorized bank regarding this project.

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