Tuesday, 05, March, 2024

Economy

Foreign investments in Uzbekistan year-to-date reached $ 4.2 billion, the Chairman of the Committee for Investments Azim Ahmedkhadzhayev announced at yesterday’s round table devoted to improving the Uzbekistan’s investment climate.

Made In Uzbekistan exhibition kicked off today in Tashkent. This exhibition is aimed at promoting and showcasing Uzbekistan’s industrial goods and innovative achievements. For example, the visitors can familiarize themselves with Uzbekistan’s scientific and production potential, as well as with the free economic zones. The exhibition will last until November 9.

Russian LUKOIL on November 3 completed the 4.05 billion m3 of gas per year phase I of Gas Processing Plant (GPP) of Kandym fields group in Uzbekistan five months before the deadline, designed to process, UzA said.

3Mt cement plant using energy-efficient dry method will be built in Tashkent province at AkhangaranCement. Yesterday the Prime Ministers of Uzbekistan and Russia oversaw the signing of the project implementation agreement by the chairman of the board of UzQurilishMateriallari Botir Zaripov and the chairman of the board of directors of Eurocement Group Filaret Galchev.

Uzbek PM Abdulla Aripov attended the ceremony held on the occasion of the inauguration of the Baku-Tbilisi-Kars Railway, which was also attended by President Ilham Aliyev of Azerbaijan, President Recep Tayyip Erdoğan of Turkey, Prime Minister Bakytzhan Sagintayev of Kazakhstan and Prime Minister Giorgi Kvirikashvili of Georgia.

The Afghan railway administration department said Sunday that the extension of the railway line between Uzbekistan and Afghanistan will be one of the most important topics of discussion during President Ashraf Ghani’s next visit to Uzbekistan.

A Turkish armored-vehicle maker has signed a deal for the joint production of 1,000 four-wheel drive armored vehicles with an Uzbek firm in the Central Asian country.

The joint project of the Chamber of Commerce and UNDP “Business Forum of Uzbekistan (Phase-III)” launched an initiative to install agricultural meteorological stations in Tashkent region and provide 800 farm and dehkan farms in this territory with free professional recommendations on agrotechnical measures.

In January-September 2017, Uzbekistan’s gross domestic product (GDP) grew by 5.3% compared to the same period in 2016,  to reach 170.07 trillion soums.

Uzbekistan’s trade turnover in January-September amounted to over US$ 19.947 billion, a 16.6% increase to the same period last year, the Statistics Committee announced.

There are few plants in the world that manufacture, repair and export rail cars. In particular, the JSC Tashkent Railway Construction and Repair Plant (TRCRP), part of Uzbekistan Railways, has begun exporting its products.

“Uzbekistan is moving to become the region’s leading economy, its financial center, Akmal Kamalov, chairman of the board of UzPahtaSanoatExport holding company, said yesterday in his opening remarks at the 13th International cotton and textile fair in Tashkent.

President Mirziyoyev signed decree on October 17 liquidating the holding company UzPahtaSanoatExport (Uz Cotton Industry Export).

Uzbekistan is seeking to deepen its strategic partnership with India, as it is planning to export more than 2,000 tonnes of uranium to power a growing number of nuclear plants in India, The Economic Times said.

The largest Uzbek glass bottles manufacturer, Asl Oyna will invest $ 178 million to expand its capacity. The company is intending to triple its production capacity from 200 to 600 million units a year through construction of the third, fourth and fifth glass melting furnaces and a raw materials enrichment plant for glass production. $ 130 million worth of process equipment will be purchased to this end, with at least one thousand new jobs to be created.

Delegation of ExxonMobil is expected to arrive in Uzbekistan either in October or November to sign accords on cooperation in oil and gas projects.

KAMAZ intends to set up assembly of its trucks in Uzbekistan, Uzbek Deputy PM Nodir Otanyonov said yesterday at Uzbekistan-Russia business forum.

Denis Manturov, the Russian Minister of Industry and Trade today arrived in Uzbekistan, the Sputnik News reported. Minister Manturov reportedly met with Uzbek Deputy PM Nodir Otadjonov, Foreign Trade Minister Elyor Ganiev and Defense Minister Abdusalom Azizov, and is attending the Uzbekistan-Russia business forum.

Uzbekistan-Tatarstan business forum held in Tashkent yesterday saw the signing of cooperation agreements in trade, health, tourism and information technologies.

President of LUKOIL Vagit Alekperov and the Prime Minister of Uzbekistan Abdulla Aripov participated in the official launch of new facilities at Gissar cluster of fields in Uzbekistan Saturday.