BAKU, Azerbaijan, October 23. Uzbekistan’s
Fergana region is exploring new investment projects with Japanese
companies Toyo Engineering Corporation and Mitsui & Co. Ltd. to
modernize industrial facilities and introduce advanced technologies
at a meeting in Tashkent on October 23.
This was stated by the Fergana regional administration,
following a meeting between Fergana region Governor Khayrullo
Bozorov and a Japanese business delegation led by Hidehiko Iwadare
to explore opportunities to expand investment cooperation and
develop new joint projects.
The meeting highlighted the strengthening strategic partnership
between Uzbekistan and Japan, as well as growing interest among
Japanese businesses in investment opportunities in the Fergana
region.
The Japanese delegation said its visit aimed to examine the
operations of Ferganaazot JSC, a major chemical producer, and the
Fergana Oil Refinery, hold talks with their management and assess
opportunities for new joint investment projects.
Additionally, the delegation presented proposals to improve the
enterprises’ operations, introduce modern technologies into
production processes and establish mutually beneficial
cooperation.
Bozorov emphasized the importance of both industrial facilities
to the regional economy and highlighted the role of investment in
expanding production capacity, modernizing equipment and improving
manufacturing processes.
The regional administration pledged practical support for
promising investment initiatives and said it would facilitate the
implementation of projects proposed during the meeting.
The sides agreed to continue cooperation, develop new investment
projects and strengthen business ties to advance their
implementation.
