BAKU, Azerbaijan, August 4. Uzbekistan's
Tashkent region and China's Wonderful International Investment
Group discussed plans to establish a manufacturing facility for
thermal insulation panels and expand investment cooperation during
talks between regional officials and Chinese investors.
This was reflected in the statement by the Tashkent regional
administration.
The meeting was held between Tashkent Region Governor Zoyir
Mirzayev and representatives of Wonderful International Investment
Group, with discussions focusing on new industrial and investment
projects in the region.
Officials highlighted the steady development of the strategic
partnership between Uzbekistan and China and reviewed Tashkent
Region's investment potential, including incentives and conditions
available to foreign investors.
"The parties expressed confidence that the meeting would become
an important step toward strengthening practical cooperation
between Tashkent Region and Chinese companies," the regional
administration said in a statement.
A key topic of the talks was the allocation of land for a
proposed manufacturing facility specializing in thermal insulation
panels for exterior walls, as well as the implementation of other
large-scale investment projects.
The discussions also covered opportunities to expand cooperation
with TSC-HK-INVESTMENT LLC, the Uzbek subsidiary of Hong Kong-based
Wonderful International Investment Group. Established in 2019, the
company is engaged in real estate development and investment
projects in Uzbekistan.
Following the meeting, Mirzayev invited the Chinese delegation
to Nurafshon City, where they were introduced to land plots
proposed for the planned investment projects.
The meeting reflects Uzbekistan's ongoing efforts to attract
Chinese investment into manufacturing and construction materials
production as part of a broader strategy to localize industrial
output, create jobs and expand regional economic development.
