UZBEKISTAN, CHINESE SIGN US$100 MILLION INVESTMENT PROJECTS

12 Jul 2013 11:19

TASHKENT (Uzbekistan), July 5 (Bernama) -- Agreements on the implementation of 21 investment projects worth over US$100 million were signed during the Uzbek-Chinese Investment Forum on Special Industrial Zone Jizzak, Azerbaijan's Trend news agency reported.

Citing a statement from Uzbek's Ministry of Foreign Economic Relations, Investment and Trade, Trend said the agreed investment projects include implementing solar water heating system (collector) production, establishing a joint venture for the production of energy-efficient LED lighting products, telecommunications equipment production, and building a textile complex for the dyed yarn and garment production.

The ministry also describes the agreements as a unique investment opportunity for Chinese companies in Tashkent.

It was previously reported that the Special Industrial Zone Jizzak was created by a presidential decree in accordance with the Memorandum of Understanding on the establishment of an Uzbek-Chinese industrial park in the country to set up modern high-tech industrial facilities.

The industrial zone can operate for the next 30 years with the possibility of extension. There will be a special tax clause and customs privileges in its territory during this period.

The Uzbek-Chinese investment forum was organised by Uzbek's Ministry of Foreign Economic Relations, Investment and Trade and the Uzinfoinvest agency together with the Chinese Ministry of Commerce. Around 300 representatives from Chinese companies attended.

-- BERNAMA

IAMS RT