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Kuwaiti companies to participate in Uzbekistan’s industrial projects

Business Materials 19 November 2019 15:25 (UTC +04:00)
Kuwaiti companies to participate in Uzbekistan’s industrial projects

BAKU, Azerbaijan, Nov. 19

By Fakhri Vakilov-Trend:

Kuwaiti companies and investors will participate in the implementation of investment projects in the Uychi district of Uzbekistan’s Namangan region, Trend reports citing Uzbekistan’s Foreign Ministry.

During the visit, organized with the assistance of Uzbekistan’s Embassy in Kuwait City, the delegation of the Namangan region held negotiations with the leaders of Petroleum Dynamics Oil & Gas, Hawazin Regional Trading Co., Sanabil Al Kuwaitiya General Trad. & Cont. Co., Rasheed Abdulrahim al-Mutawa Real Estate Group, Kuwait Investment Company and Al-Azraq Fruits Co.

The delegation reached an agreement on the participation of Kuwaiti companies and investors in the modernization of the Uychi teks textile mill, the construction of a stone crusher plant, the creation of a joint venture for the production of fiberglass pipes, a livestock complex, a medical and tourist center, and the establishment of the Kuwait-Namangan Group.

Relevant bilateral documents were signed. The sides started a joint marketing research and the preparation of a feasibility study for the investment projects.

During the visit, members of the delegation also studied the Kuwaiti market with the aim of organizing the export of agricultural and textile products. An agreement was reached with Al-Azraq Fruits Co. on the export of various dried fruits and legumes.

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