BAKU, Azerbaijan, September 24. On September
24, Uzbekistan discussed new projects for the production of copper
products and other high-value-added goods involving Chinese
investors in Fergana.
This was reflected in a statement by the Fergana Region
administration, following a meeting between governor Khayrullo
Bozorov and a delegation led by Chinese investor Wang Zhaoliang in
Uchkuprik district.
According to the Regional Administration, the talks focused on
investment proposals aimed at developing local production, reducing
reliance on imported goods and increasing the share of products
with higher added value.
Uzbek side said the investment environment and conditions
created for foreign investors in Uzbekistan, including the Fergana
region, have increased interest among Chinese businesses in
launching new production projects.
“We are ready to provide comprehensive support for promising
projects based on concrete plans and economic calculations,
particularly those that create new jobs and contribute to import
substitution,” Bozorov said, according to the Fergana regional
administration.
Among the proposals discussed were projects to establish
production of copper-based products. The initiatives are expected
to contribute to the development of local industrial capacity and
create opportunities for further processing of raw materials into
higher-value products.
The meeting concluded with the sides agreeing on further steps
to advance cooperation and work toward the implementation of
prospective investment projects in the Fergana region.
