BAKU, Azerbaijan, Nov. 4
By Klavdiya Romakayeva - Trend:
Uzbekistan and Malaysia discussed implementation of an investment project for the production of caustic soda and liquid chlorine in Hazorasp free economic zone (FEZ) in the Khorezm region of Uzbekistan, Trend reports citing Dunyo information agency.
The Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov held talks with the Managing Director of Serba Dinamik Group Berhad in Malaysia Mohd Abdul Karim bin Abdullah.
The head of the Malaysian company expressed commitment to the timely and high-quality implementation of this project and announced that in the near future, measures will be taken with the management of ThyssenKrupp German multinational conglomerate focused on industrial engineering and steel production to accelerate the development of a feasibility study for the project.
The sides also discussed further steps to implement the investment project and worked out the existing practical issues.
The Malaysian investor was confirmed by the readiness of the government of Uzbekistan to provide comprehensive and effective support for the high-quality and timely implementation of the investment project.
The construction of the plant will significantly strengthen the industrial and export potential of the region, as well as create additional jobs.
As a result of the negotiations, further actions were agreed upon to accelerate the implementation of the project, meaning the launch of work on the construction of the plant in November this year.
The Serba Dinamik Group Berhad Company is implementing a project to organize the production of caustic soda and liquid chlorine in the Hazorasp FEZ in the Khorezm region, attracting 100 percent foreign direct investment ($250 million).
The feasibility study for the project is being developed by German ThyssenKrupp Uhde Chlorine Engineers s.p.l. The production capacity will amount to 33,000 tons of caustic soda and 30,000 tons of liquid chlorine per year.
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