BAKU, Azerbaijan, November 2. Uzbekistan’s
Namangan region has signed a $105 million investment agreement with
Italy’s Gamma Meccanica to advance cooperation in industrial
equipment manufacturing, energy-efficient technologies and plastic
waste processing.
The agreement was signed on November 1 during a visit by a
Namangan regional delegation to Italy, according to the regional
administration.
The initiative is aimed at introducing Italian technologies and
industrial expertise into Namangan’s manufacturing sector, with a
particular focus on improving production efficiency, promoting
resource conservation and expanding waste recycling
capabilities.
The planned cooperation covers several areas, including the
supply and application of industrial equipment, the introduction of
energy-saving solutions and the development of technologies for
processing plastic waste.
The agreement reflects Namangan’s efforts to attract foreign
investment and strengthen industrial cooperation with international
partners.
Italy has a developed industrial engineering sector, and
cooperation with Italian companies provides opportunities for Uzbek
businesses to gain access to specialized equipment and technical
expertise. For Namangan, the agreement with Gamma Meccanica
represents an opportunity to attract investment while exploring the
application of modern industrial solutions.
The $105 million agreement establishes a framework for further
cooperation between the regional delegation and the Italian
company. Further details on the project's implementation schedule,
production capacity and specific investment components were not
provided in the announcement.
