Sunday, 16, December, 2018

Business

The Cabinet of Ministers issued a resolution on this September 16 handing over the state share’s in the authorized capital of UzIkkilamchiRangliMet for trust management to SFI Management Group, a foreign company, the company said in a statement.

President of Uzbekistan Shavkat Mirziyoyev held a meeting with the top managers of major French companies, and reportedly urged them to invest in projects in Uzbekistan, the President’s press service said.

The French Fives Groupe plans to launch the production of auto glass jointly with UzQurilishMateriallari in Uzbekistan. "Our group specializes in projects in heavy industry, engineering and manufacturing of equipment. Over the past two years, we have built close cooperation with Uzbek partners. For example, we are now launching the production of high-quality auto glass products to be exported," the head of the International Development at Fives group Jean-Marie Caroff.

For the first time, the United States will be holding its flagship international business event, the Eighth Annual Central Asia Trade Forum, in Uzbekistan. The event, organized by the U.S. Agency for international Development (USAID) and co-hosted by the Ministry for Foreign Trade of the Government of Uzbekistan, will be held in Tashkent on October 17-18, 2018 in Tashkent.

Uzbek - UAE Business Forum was held at the International Hotel in Tashkent on Wednesday, organized by the Uzbekistan Committee for Investments. The UAE delegation was led by Ibrahim Al-Mahmoud, Deputy Chairman of the Chamber of Commerce of the United Arab Emirates.

Indian SUN Group and international IFG Capital are planning to invest US$ 300 million in the extraction and development of tungsten deposits in Uzbekistan, IFG Capital said in a statement.

The Indian Beta Drugs signed a memorandum on setting up of a oncology drugs production joint venture in Uzbekistan with local partners, Gazeta.uz said.

Uzbekistan will set up a shoe manufacturing unit with Belarus in 2019, Nikolay Martynov DG of Marco, a Belarussian leather and footwear company said yesterday on STV television channel.

About 500 Uzbek and Belarusian business executives, officials of ministries and departments attended the Uzbekistan-Belarus business forum and the matchmaking session, the Ministry of Foreign Trade told the Tashkent Times.

The Overseas Private Investment Corporation (OPIC) under the US government is resuming activity in Uzbekistan. This statement was made during the meeting of the OPIC Executive Vice President D. Bohigian and  the Uzbek Senate vice-chairman Sodiq Safoev.