Friday, 07, May, 2021

Business

In Q1 of 2021, Uzbekistan exported US$ 637.7 million worth of textile products to 54 countries. That’s $ 174.9 million more than in the same period of 2020, the Statistics Committee said in a report.

The right to manage the Samarkand international airport has been handed over to Air Marakanda, owned by Bakhtiyor Fozilov under the PPP terms and with tax reliefs.

On April 21, the President Shavkat Mirziyoyev signed a decree on the creation of youth industrial and entrepreneurial zones in all provinces of Uzbekistan.

Cement production in 2021 is forecasted to be at 16.4 million tons, the Association of Construction Materials reported. Reportedly, 11 new cement production units with a total capacity of 8.6 million tons and a total cost of US$ 738.4 million (in Andijan, Namangan, Samarkand, Tashkent, Kashkadarya and Fergana provinces) were launched during the year, with the total capacity expected to reach 25.3 million tons.

The Russian Export Center (REC) plans to launch, with the support of the government of Uzbekistan, a large project to create Uzbekistan-Russia export-import agrological corridor with an aim to increase the volume of the two-way trade.

Uzbekistan plans to launch the production of a vaccine against COVID-19 before the year-end, the Director of the Agency for the Development of the Pharmaceutical Industry under the Ministry of Health Sardor Qoriev said within the framework of the business program of the international industrial exhibition INNOPROM.

Sunflower oil production plant will be opened in cooperation between BMB Trade Group of Uzbekistan and Kish Group of Hungary.

Michel Noblet, the Executive Chairman of ATECA Holding and a renowned French hospitality expert from Dubai, announced today the group’s first hotel ‘ATECA Hotel Suites’ in Tashkent (opening in May 2021) during a special presentation on the recovery of the hospitality sector in Uzbekistan following the COVID-19 at the Hotel Business Forum. Michel’s vast experience spans across five continents including Europe with some of the world’s leading brands such as the Le Meridien Hotels & Resorts where he enjoyed three glorious decades being a founding member and regional managing director.

The Uzbek-Afghan matchmaking session in Kabul, Afghanistan, could provide exit for Uzbek business to Afghanistan, India, Pakistan and Bangladesh, which have a population of 1 billion.

Ventilator production unit was launched on March 16 in Tashkent by the Slovakian Chirana and the Russian company Shimco Group.