BAKU, Azerbaijan, June 13. China is
exploringnew industrial investment opportunities in Uzbekistan's
Fergana Region.
The announcement was made in a report published by the Fergana
Regional Administration following a meeting between regional
authorities and representatives of the Chinese company Hsinup
International Pte. Ltd, led by Lin Mingxiang.
''Chinese investors are exploring new industrial investment
opportunities in Uzbekistan's Fergana Region, including projects
aimed at expanding local metal production and manufacturing
capabilities,'' the report says.
According to the Fergana Regional Administration, during the
talks, officials highlighted the successful implementation of
several major foreign-investment projects in the region and
outlined the favorable business environment and incentives
available to investors.
The Fergana Regional Administration noted that Lin Mingxiang
stated he had spent two days studying the region and assessing
local business conditions. He expressed interest in establishing a
manufacturing facility in Fergana focused on sheet metal production
and metal structure fabrication.
''The proposed projects include the production of heavy-gauge
steel products and various metal constructions intended to serve
growing demand from industrial and infrastructure sectors. The
parties also exchanged views on the development of industrial zones
that could support future manufacturing investment,'' the report
notes.
The report further notes that these projects could contribute to
the localization of Uzbekistan’s metallurgical industry, reduce
import dependency, and create new employment opportunities.
According to the report, Regional Governor Khayrullo Bozorov
announced that demand for metal structures continues to increase
each year and pledged comprehensive support for the
initiatives.
Following the meeting, the parties agreed to further expand
cooperation and accelerate efforts to advance the proposed
projects.
