Saturday, 23, November, 2024

Economy

Uzbekistan offers French companies over US$ 6 billion worth of 90 investment projects, said Sardor Umurzakov, the Uzbek Investment and Foreign Trade Minister said on Wednesday speaking in Tashkent at a Uzbekistan-France Business Forum attended notably by the mission of International Movement of French Enterprises (MEDEF International).

Uzbekistan sent its first ever transit container cargo to Tashkent from the Kazakh port of Aktau, Uzbekistan Railways said in a statement.

The Mingbulakneft joint venture founded by Uzbekneftegaz and the Chinese CNPC obtained the first oil from the Mingbulak field in Namangan province, the Ministry of Energy said.

The serial production of Hyundai electric cars in the Kokand free economic zone is scheduled to begin by 2023, the Uzbekistan 24 reported.

Deputy Foreign Minister Alisher Abdualiyev, yesterday met with the head of the production department of the Roca Group (Spain), Francisco Luis Villa and discussed the prospects for the implementation of the project for the of sanitary ware and ceramic tile manufacturing unit initiated by the Embassy of our country in Madrid in Tashkent province.

During the state visit of the President Shavkat Mirziyoyev to Russia in April 2017, an agreement was signed with Russian investors providing for the exploration and development of the Mustakilliqing 25 Yilligi field in the Baysun district with the further construction of a gas chemical complex.

Uzsanoatqurilishbank, Aloqabank and Asia Alliance Bank will hold IPO and SPO, the April 26 Cabinet of Ministers' resolution said. 10% shares of Uzsanoatqurilishbank and Asia Alliance Bank will go on IPO, while 10% shares of Aloqabank will be put on SPO.

Tashkent will host an international investment forum in autumn, it said in a presidential decree of April 29. The organizing committee of the forum will be headed by Prime Minister Abdulla Aripov. The committee is allowed to attract, if necessary, foreign companies for financial, legal and information support.

President Shavkat Mirziyoyev signed the Measures to Further Improve Mechanisms for Attracting Foreign Direct Investments in the Uzbek Economy approving the list of state-owned stakes to be put up for sale.

British Petroleum (BP), together with Uzbekneftegaz, is exploring promising hydrocarbon fields in Ustyurt plateau. the Head of Safety and Operational Risk at BP, Gordon Birell said.

The Uzbek Minister of Energy Alisher Sultanov hosted a number of delegations from the Republic of Korea Thursday. Sultanov met with Korea Eximbank executives and discussed the implementation of projects involving the bank, including the Uzbekistan GTL construction project and the Ustyurt Gas Chemical Complex (Uz-Kor Gas Chemical).

Uzbekistan and Russia will sign the nuclear plant construction contract before 2020, said Uzatom’s general director Jurabek Mirzamakhmudov on the margins of the AtomExpo international forum in Sochi.

Surkhan Gas Chemical Operating Company (SGCOC) has launched exploration drilling in the Surkhandarya province in southern Uzbekistan under a Production Sharing Agreement (PSA), the Ministry of Energy said in a statement.

300−350 thousand cubic meter a day of gas influx was obtained from the exploration well No. 7 of the Uchtepa field, Uzbekneftegaz said.

President Mirziyoyev signed the Additional Measures for Timely Delivery of Agricultural Sector with Agricultural Machinery Decree, which inter alia, stipulated the sale of large state-owned agricultural machinery manufacturing plants.

The next meeting of the Uzbek-Austrian Intergovernmental Commission on Trade and Economic Cooperation will take place on April 9, 2019 in Tashkent.

On April 4, 2019, a Memorandum of Cooperation was signed between the International Aerospace Committee (IAC) and the Uzbek Digital Trust Fund, which envisages extending cooperation, as well as information sharing, the National Project Management Agency said.

Uzbekistan will help Afghanistan for its textile industry recovery. This is provided for in the memorandum of cooperation on rehabilitation of the Afghan textile industry in, which was signed recently in Kabul, Uztekstilsanoat said in a statement.

Economic growth in the Europe and Central Asia region slowed to 3.1% in 2018, and is projected to decline to 2.1% in 2019, amid slowing global growth and uncertain prospects, according to the World Bank’s Economic Update for Europe and Central Asia, released today.

Uzbekistan plans to sell controlling stakes in six enterprises that are part of the Uzkimyosanoat (transl. Uz Chemical Industry) JSC to investors, including foreign ones. This is stated in the April 3 presidential decree.