South Korean bank seeks to cooperate with Uzbekistan
The issues related to developing the investment partnership between Uzbekistan and the Export-Import Bank of South Korea were discussed by Uzbekistan’s President Islam Karimov and the bank’s president Lee Duk-Hoon, Uzbek presidency said.
Lee Duk-Hoon said the Export-Import Bank of South Korea and the country’s business circles are interested in developing mutually beneficial and long-term cooperation with Uzbekistan.
This bank is one of the key partners of Uzbekistan and Asia-Pacific region participating in the implementation of the strategic projects in the country. Projects totaling $935 million have been implemented in Uzbekistan with the bank’s funds since 1999.
Currently, projects totaling $1.2 billion are being implemented and around $900 million worth projects are being worked out in Uzbekistan with the financial support of the Export-Import Bank.
In particular, South Korea’s Export-Import Bank is one of the main creditors for constructing Ustyurt Gas Chemical Complex at Surgil deposit. The bank has allocated $1 billion for this project’s implementation.
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