BAKU, Azerbaijan, October 12. Uzbekistan’s
Fergana region and Saudi Arabia’s Astra Industries discussed
potential joint investment projects in pharmaceuticals, chemicals,
polymer manufacturing, and construction materials during a meeting
in Riyadh on October 12.
This was reflected in the statement by the Fergana regional
administration, following a meeting between Fergana Region Governor
Khayrullo Bozorov and Samer Hendawi, the Astra Industries’ vice
president for finance and investment.
During the meeting, Bozorov presented Fergana’s industrial and
investment potential, existing infrastructure, and incentives
designed to attract foreign investors.
The discussions focused on developing joint projects in several
manufacturing sectors by drawing on Astra Industries’ industrial
expertise and technological capabilities.
The parties discussed measures to strengthen mutually beneficial
cooperation, develop promising investment proposals and move toward
the practical implementation of joint projects.
Astra Industries is a Saudi industrial group with operations in
pharmaceuticals, chemicals, polymer products, steel structures and
industrial construction. The group includes manufacturing
businesses operating across several industries.
Cooperation with Saudi industrial companies could help Fergana
attract foreign capital, introduce advanced production technologies
and expand local manufacturing capacity. Projects in
pharmaceuticals, chemicals and construction materials could also
support job creation, diversify the regional economy and increase
the production of higher value-added goods.
Potential cooperation with Astra Industries could help Fergana
attract foreign direct investment, diversify its industrial base
and expand domestic production of pharmaceuticals, chemicals,
polymers and construction materials. The introduction of advanced
technologies and manufacturing expertise could also create jobs,
strengthen local supply chains and increase the share of higher
value-added products in the region’s economy. For Saudi investors,
meanwhile, Fergana could offer opportunities to establish
production facilities and expand their presence in Uzbekistan and
the wider Central Asian market.
