Uzbekistan attracts foreign investors to its light industry
By Vusala Abbasova
Uzbekengilsanoat SJSC signed a number of agreements worth $216 million with foreign investors in the sphere of light industry.
The agreements signed under the International Investment Forum include eight memorandums on cooperation and mutual understanding dedicated to implementation of investment projects and one agreement on purchasing and sale of textiles, according to the company report.
The empty building of Bobur SA in the Andijan region was sold to the Lemon International company for $2.4 million, under the deals. The Lemon International is Uzbekistan’s strategic partner in Hong Kong.
The investors will begin implementation of new projects totaling $16.9 billion in Uzbekistan in 2016-2017.
Furthermore, Uzbekengilsanoat SJSC signed a memorandum with Bobur M and F FDI LLC on implementation of investment project on the Bobur SA basis worth $ 25 million.
The share of industrial sector of Uzbekistan is expected to increase up to 30 percent in 2015 against 24 percent in 2014.
Moreover, the light industry of Uzbekistan expands its export potential under IX International Industrial Fair and Cooperation Exchange recently held in Tashkent.
Following the event, the enterprises of Uzbekengilsanoat signed over 30 export contracts worth more than $1 billion.
In addition, the enterprises signed the internal agreements worth over 120 billion soums (over $43 million).
Over 130 domestic textile, garment and knitwear enterprises attended one of the largest Industrial Forum of Uzbekistan.
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