Baku, Azerbaijan, April 10
By Ali Mustafayev – Trend:
The production of Hyundai trucks will be set up in Uzbekistan’s free economic zone "Kokand", Uzbek media outlets reported.
The project is worth at least $130M The initiative of the new production was set by the Korean companies Evergreen Motors and Posco Daewoo.
The production of Hyundai trucks was previously discussed during the visit of the President Shavkat Mirziyoyev to Seoul. The preliminary investment in the project is estimated at $200 million.
The free economic zone "Kokand" was created by the decree of the Uzbek president on January 12, 2018. The decree’s major points include attraction of direct investments of foreign and local investors and creation of scientific and production centers for standardization, certification and labeling of products in accordance with international standards.