Turkish holding ready to invest in Uzbekistan's metallurgy production
BAKU, Azerbaijan, Feb. 21
By Ilkin Seyfaddini – Trend:
Turkish Ronesans Holding will invest almost $8 billion in projects in Uzbekistan, Trend reports citing the Uzbek media.
The agreement was reached during the visit of Uzbek President Shavkat Mirziyoyev to Turkey, the report said.
The agreement was reached with the company on direct investments into modernization and development of Uzmetcombinat JSC (manufacturer of metal products) worth 630 million euros, the Almalyk Mining and Metallurgical Combine worth $4.1 billion, as well as on new projects for construction of hospitals and trade centers worth about $3 billion.
The event was attended by heads of the Association of Chambers of Commerce and Exchanges of Turkey, Turkish Cooperation and Coordination Agency (TIKA), Gebze Industrial Zone, Ziraat Bank, such companies as Zorlu Holding, Zoshkunoz Holding, Exacibashi, Baikar, Dunyagoz, Kanymed Saglik, Bau Global, Havelsan, etc.
At the meeting, issues of further strengthening ties between the ministries and companies of the two countries were discussed, specific projects on expanding the supply of products and services, organization of clinics and higher educational institutions were considered.
Shavkat Mirziyoyev approved these plans, instructed responsible persons to start practical work as soon as possible and implement projects without bureaucratic obstacles, the report said.
Ronesans Holding is a Turkish holding engaged in construction, investment in real estate, energy and healthcare. The holding operates in Turkey, CIS countries, Europe, Middle East and North Africa. The company's headquarters are located in Ankara.
Visit of Shavkat Mirziyoyev to Turkey ended on February 21.
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