BAKU, Azerbaijan, Nov. 13
By Fakhri Vakilov-Trend:
Administration of Tashkent, the Uzbekistani capital, held a meeting with representatives of the Korean IGIS Asset Management, Korea Overseas Infrastructure and Urban Development Corporation (KIND) and Wooju Construction Co. LTD companies, Trend reports referring to Tashkent administration’s press service.
During the meeting, the prospects for joint cooperation were discussed and preliminary agreements were reached on the participation of these companies in the construction of Yunusabad Business City. The agreement provides for the creation of a consortium of three companies.
“This agreement once again showed that the new urban development projects of Uzbekistan attract attention and support of large investors from different countries,” the administration noted.
IGIS Asset Management is one of the largest real estate and asset management companies in South Korea. Today, the company successfully operates in the Asia-Pacific region and Europe. In particular, one of the latest IGIS Asset Management projects is the construction of a skyscraper in Frankfurt (Germany).
KIND is a corporation created by Korean Government through a public-private partnership to facilitate construction in foreign countries. KIND is supporting the implementation of projects aimed at developing urban infrastructure.
Established in 2001, Wooju Construction Co. LTD. specializes in infrastructure construction. The company's assets include projects in Uzbekistan such as the reconstruction of the Takhiatash TPP and work at the Kandym gas processing complex.
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