TASHKENT, Uzbekistan, December 2. Chinese Shandong International Trading plans to invest $15 million in a project in Uzbekistan’s Ferghana region, Trend reports.
The company’s plans were discussed at a meeting between the governor of the Fergana region, Khairullo Bozorov, and representatives of Shandong International Trading.
A preliminary agreement on the implementation of the project was reached in September 2023, during Khairulla Bozorov's visit to China.
At the first stage of the project, the enterprises will produce autoclave gas blocks and basalt thermal insulation plates for building facades. At the second stage, it is also planned to arrange the assembly of lifting cranes and veterinary medicine.
Meanwhile, companies have invested a total of 139.1 trillion Uzbek soums ($11.4 billion) in Uzbekistan in the first six months of 2023. A significant share of these investments, 59 trillion soums ($4.8 billion), or 42.4 percent, account for foreign investment and loans directed to fixed capital.