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Belgian fund finances creation of agro-industrial complex in Uzbekistan

Business Materials 25 May 2019 15:12 (UTC +04:00)

Baku, Azerbaijan, May 25

By Fakhri Vakilov – Trend:

The Embassy of Uzbekistan in Belgium hosted a meeting with President and Managing Director of the Belgian Bridgin Foundation Tanko Mouhamadou, Trend reports citing Uzbek media.

Tanko Muhamad said that the financing of a project to create a modern agro-industrial cluster in Kuyichirchik district of the Tashkent region of Uzbekistan is a pilot one, and the Foundation intends to expand its investment activities in Uzbekistan in the event of its successful implementation.

The Bridgin Foundation is a public fund set up with the purpose of financing various projects in other states.

International financial structures (EIB, ECB, banks), grantors (EU countries and institutions, UN), as well as donors from European countries, the USA, Canada, Australia and others finance Bridgin’s projects.

The main condition for the foundation’s activity is state’s participation in its projects, including public-private partnerships.

Following the meeting, an agreement was reached on organizing a Bridgin Foundation delegation’s visit to Uzbekistan on June 7–14 to conduct substantive negotiations with the project initiators, familiarize with the construction site and hold the Foundation presentation.

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