Baku, Azerbaijan, Dec. 18
By Fikret Dolukhanov – Trend:
The agricultural food company Phoenix Agro Industry and Trade Company CA (UAE) is planning to invest in the cultivation and processing of agricultural products in Uzbekistan, Trend reports on Dec. 18 referring the State Investment Committee of Uzbekistan.
Representatives of the UAE company held a meeting at the State Investment Committee, where experts of the committee presented information on the investment climate, in particular, about the benefits provided for investment in the agro-industrial sector of Uzbekistan, and also made a presentation on promising projects.
Representatives of the State Investment Committee underlined the necessity of introducing the most advanced technologies in the agricultural sector of Uzbekistan to increase crop yields, in particular, of introducing new types of agricultural equipment, innovative agricultural technologies, crop rotation practices, etc.
The Emirati delegation expressed intention to invite leading agronomists of the world to Uzbekistan in order to study the land plots allocated for investment, as well as to hold a training seminar for interested farmers.
Phoenix Agro Industry and Trade Company CA is a global agrifood group engaged in manufacturing, supplying, processing and selling through an integrated supply chain. The company is engaged in projects in more than 20 countries, including Ukraine, Russia, Vietnam and other countries. Today there is an active expansion of cooperation with the countries of Central Asia. In Kazakhstan, for example, the company invested more than $130 million.
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