Uzbekistan, South Korea sign about 10 memorandums

Baku, Azerbaijan, August 15

By Fakhri Vakilov - Trend:

A business forum was held in Samarkand with the participation of entrepreneurs from the Samarkand region of Uzbekistan and South Korea, where about 10 memorandums were signed, Trend reports via Uzbek media.

At the business forum, representatives of 45 firms and companies from South Korea discussed cooperation with more than 200 Samarkand entrepreneurs in the fields of ICT, pharmaceuticals, tourism, light industry, household and electrical engineering, construction materials, modern urban planning and other areas.

Presentation of the projects took place; meetings in the B2B format were organized.

In particular, the parties agreed to build a modern hotel in Samarkand with a total cost of $100 million by Wongwang Construction and NEO & Saram CO and to implement a milk powder project with a total value of $30 million in conjunction with MIR Corporation.

Moreover, memorandums of cooperation with Alchera on information technology and the establishment of greenhouse services with Myung Sung were signed.

Currently, 25 joint ventures and 10 foreign enterprises operate in Samarkand with the participation of South Korean investments. They specialize in the production of yarn, silk, knitted fabrics, children's clothing, carpets, building materials, furniture, and agricultural processing.

If last year the trade turnover between the Samarkand region and the regions of South Korea amounted to more than $22.47 million, then only in the first half of this year it already exceeded $21 million.

---

Follow author on Twitter:@vakilovfaxri

Uzbek-Chinese JV opens tender for welding electrodes
Uzbek-Chinese JV opens tender for welding electrodes
Uzbek-Chinese JV opens tender for electrical spares parts
Uzbek-Chinese JV opens tender for electrical spares parts
Uzbek currency rates for May 18
Uzbek currency rates for May 18
Loading Bars
Latest
Forces envious of Azerbaijan's success trying to spoil country’s relations with friends - MP
Incident in Georgia purely domestic in nature - Azerbaijani MP
Azerbaijan developing program for transformation of healthcare system
Assistant to Azerbaijani president, NATO deputy Sec-Gen meet in Brussels (PHOTO)
Azerbaijan sends numerous appeals to int’l organizations about Armenia's war crimes
Bronze monument to world-famous Azerbaijani singer to be ready in a month - Trend TV
Command-staff exercises start in Azerbaijan’s Nakhchivan garrison (PHOTO/VIDEO)
EBRD loan portfolio in Azerbaijan shrinks
Iran reveals volume of crude oil to be transported via Goureh-Jask pipeline
Iran, Italy to expand economic ties – FM
Saudia Airlines eyes return to profitability by 2024
Azerbaijan Innovations Export Consortium eyes to expand co-op with Turkic-speaking countries
EBRD's net profit declines in 2020
Activity of Heydar Aliyev Foundation today covers all important spheres of life in Azerbaijan - Russian MP
Novatek to complete Arctic LNG-2 construction one year earlier
Kazakhstan boosts trade with Turkmenistan despite COVID-19
Turkish ŞINLAK HOLDING eyes building solar power plant in Kazakhstan
Uzbek-Chinese JV opens tender for welding electrodes
Turkmenistan's Turkmengas opens tender for purchase of chemical products
Iran's FM discussing international issues with Pope (PHOTO)
Turkmenistan’s Railways open tender for construction of railway station
Azerbaijan's oil exports decline in 4M2021
Uzbek-Chinese JV opens tender for electrical spares parts
France, Germany and Spain strike deal over joint combat jet
Iran’s Bahar Azadi gold coin price again falling
Azerbaijan reports sharp increase in 4M2021 gas exports
Uzbek currency rates for May 18
Uzbekistan Railways notes decrease in net loss
Azerbaijan Economy Ministry cancels requirement of several taxpayers for non-cash payments
EBRD approves working capital loan to Kazakhstan companies operating chromium mine
WTL talks construction of DC, SDA units at Turkmenbashi Complex of Oil Refineries
Uzbekistan, S. Korea eye enhancing bilateral co-op in public security
Kyrgyz Republic’s SMEs Sector to Benefit from ITFC’s US $4 Million Line of Trade Financing Facility
Iran unveils production data of steel products
Germany implementing pilot agricultural project in Azerbaijan
Azerbaijan announces number of citizens vaccinated on May 17
Azerbaijan's 4M2021 revenues from gasoline, diesel retails disclosed
Azerbaijan confirms 426 more COVID-19 cases, 515 recoveries
Iran has potential to become hub for home appliances export
Railway freight traffic between Kazakhstan, Lithuania grows despite COVID-19
Russia ready to assist Armenia, Azerbaijan in border delimitation issue - FM
Volume of Georgian wine exports and its value up
Iran continues to import COVID-19 vaccines
Majority of mobile communication operators in world to support eSIM by 2025 - GSMA Association
Several types of COVID-19 vaccines delivered in Turkmenistan
Active work underway on construction of Pskem HPP in Uzbekistan
Uzbekneftegaz repairs unit for gas purification from sulfur at Mubarek Oil & Gas Production dep’t
Money transfers to Georgia up in April 2021
Lithuania looks to resume regular flights to Kazakhstan - ministry
Kazakhstan boosts mining of iron ores
Unemployment rate down in Azerbaijan
Turkish ambassador meets with head of Turkey-Azerbaijan Interparliamentary Friendship Group (PHOTO)
Baku Boulevard to remain open during 2021 F1 Azerbaijan Grand Prix competition - Baku City Circuit
‘Nar’ team progresses to semifinal in ‘Brain Ring’
Value of chargeable services rendered to Nakhchivan's population in 4M2021 drops
Turkmenistan‘s Turkmenbashi oil refinery develops its industrial potential
Value of Azerbaijan's 4M2021 industrial production down
Kazakhstan’s Pavlodar Oil Chemistry Refinery to buy valves via tender
Indian Shilpa Medicare signs deal to produce Sputnik V
Petrochemical plants to be put into operation in Iran
Kazakhstan boosts imports of Belgium-made goods
EU agrees partial truce with U.S. over Trump tariffs
Dubai eases COVID-19 restrictions, allows full hotel capacity
Azerbaijan announces 4M2021 investments in fixed assets
Azerbaijan to hold auction for shares of joint stocks companies
Azerbaijan announces tasks for using renewable energies in electricity production
Georgia's electronics market shrinking
Cargo transportation volumes surge in Kazakhstan
GPON-based technology being introduced in villages of Azerbaijan (PHOTO)
Iran anticipates another JCPOA Joint Commission Meeting - MFA
No alternative to implementation of trilateral statement on Karabakh - Russian president
Azerbaijan preparing to vaccinate citizens with Russian 'Sputnik V' COVID-19 vaccine
Convention on simplification of customs procedures enters into force for Uzbekistan
Iranian Oil Minister talks about exports, contracts in oil sector
GSMA predicts growth in number of mobile service users in Azerbaijan by 2025
Polish company eyes producing packaging materials for automotive industry in Uzbekistan
Iran reveals COVID-19 data for May 17
Weekly review of Georgian's capital markets (May 10 through May 14)
Azerbaijan continues military exercises, with extensive use of maps (VIDEO)
Iran’s trade turnover with UK announced
Kyoto Convention enters into force in Turkmenistan
Investment in Iran's industrial sector increases
Georgian microfinance organizations reveal data on their profits
SOCAR Ukraine resumes premium fuel sales
Turkmenistan introduces changes to customs system
Azerbaijan's Nakhchivan Autonomous Republic sees annual increase in GDP
Train in Iowa hauling hazardous materials derails, catches fire
BTA announces extension of bicycle roads in Baku
Iran to determine condition of its joint oil fields with other countries
Armenian side reacting inadequately to process of clarifying border - President Aliyev
Azerbaijan's Nakhchivan reveals 4M2021 cargo transportation data
Weekly review of Azerbaijani precious metals market
Azerbaijan continues mine clearance in liberated lands
Saudi Arabia lifts quarantine requirement for COVID vaccinated foreign visitors
Three people killed after knife attack in Urals
FGP-WPMP implementation progresses at Kazakhstan’s Tengiz field
India's Cumulative Vaccination Coverage Crosses 18 Crore Mark: Centre
Azerbaijani Nakhchivan's 4M2021 manufacturing value of agricultural products grows
Crude production at Kazakhstan’s Tengiz revealed for 1Q2021
Investment proposal submitted for White Dragon project involving TAP
All news