BAKU, Azerbaijan, July 8. Two agricultural
processing projects with a combined foreign direct investment value
of $23 million have been launched in Uzbekistan’s Fergana region in
cooperation with Belarusian investors.
This was announced in a report published by the Fergana Regional
Administration following the Third Forum of the Regions of
Uzbekistan and Belarus, currently being held in Minsk.
According to the report, the launch ceremony was attended by
Uzbekistan's Deputy Prime Minister Jamshid Khodjayev, Belarusian
Deputy Prime Minister Yuri Shuleiko, and Fergana Region Governor
Khayrullo Bozorov, along with other officials. Local authorities,
entrepreneurs, and investors from Uzbekistan also joined the event
via videoconference.
The first project is being implemented by Beshagrosmakarol LLC
in the Besharik Special Industrial Zone and involves the
establishment of a fruit and vegetable processing facility equipped
with advanced processing technologies.
“The project envisages attracting $20 million in foreign direct
investment and creating a modern enterprise for the processing of
agricultural products,” it was said in the statement.
Once operational, the facility will have the capacity to process
10,000 metric tons of agricultural products annually, with finished
products intended for both the domestic market and exports. The
project is expected to create 100 new jobs.
A second project was launched in the Fergana district by the
FERMI 777 joint venture to build a modern complex for the storage,
processing, individual quick freezing (IQF), and packaging of fruit
and vegetable products.
The project, implemented with a Belarusian partner, will attract
$3 million in foreign direct investment.
“Upon reaching full production capacity, the facility will
process 5,000 tons of fruit and vegetable products annually for
domestic and international markets,” the statement noted.
The FERMI 777 project is also expected to create 50 new
jobs.
