Israel's Levia Group reveals investments volume in livestock project in Uzbekistan (Exclusive)
Baku, Azerbaijan, Nov. 8
By Fikret Dolukhanov – Trend:
Israel’s Levia Group will invest about $10 million in a project to build a poultry factory in the Andijan region of Uzbekistan, CEO of the company Ophir Levy told Trend.
The preliminary cost of the poultry factory, designed to produce 14,000 tons of broiler meat per year, will be $46 million. The memorandum on the establishment of a joint venture (JV) for the construction of the poultry farm was signed between the Levia Group and the state agricultural holding O'zbekoziqovqatxolding.
Levy noted that the Israeli company will be the joint venture operator. According to the CEO, at the moment the parties are in project designing process and authorization beside legal procedure.
The director of the Levia Group also commented on the upcoming liquidation of O'zbekoziqovqatxolding, a partner of the company in the joint venture, noting that the company is not in politics game and believes that the government will take the best decision for Uzbekistan.
“We see East, Central Asia as a strategic market for us to be developed in the next decades in the sphere of livestock products,” Levy said.
It is planned to transfer state shares in the authorized capitals of the organizations of the O'zbekoziqovqatxolding to the State Competition Committee.
In May 2018, a visit was carried out by specialists from Israel to the Andijan region to familiarize with the proposed location of the factory. During the visit, representatives of the Levia Group inspected and approved a land plot for construction.
In January-September 2018, the volume of livestock production in Uzbekistan amounted to 24,840.6 billion soums (over $3 billion). In the total volume of agricultural production, the share of livestock products was 42.7 percent.
Some 1.79 million tons of live weight meat, 7.83 million tons of milk and 5.37 billion eggs were produced. The total number of cattle in Uzbekistan exceeded 12.40 million, poultry – 75.68 million.
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