BAKU, Azerbaijan, Feb. 2
By Klavdiya Romakayeva - Trend:
Administration of Tashkent city of Uzbekistan presented investment projects of commercial banks worth $1 billion and nine large industrial projects worth 8.6 trillion soums ($818 million), Trend reports referring to the press service of the president of Uzbekistan.
In addition, 10 large banks have developed 136 project proposals worth $1.5 billion.
According to the information, Agrobank plans 43 projects worth $501 million with textile clusters, which will help to increase the level of cotton fiber processing and the volume of finished goods.
Also, this year the National Bank plans to implement six new projects worth $225 million, including projects for the production of polyvinyl chloride and aluminum frames in Karakalpakstan, Navoi and Namangan regions, the creation of a transport and logistics center in the capital and Tashkent region for servicing freight trains and trucks.
It is also reported that Uzpromstroybank plans a project worth $110 million in Urgut free economic zone. It is planned to create capacities for the production of 600,000 tons of steel products per year.
In addition, Ipoteka Bank is investing in a project to organize a modern logistics center with an area of 27.5 hectares in the Kuyichirchik district. The enterprise will be able to receive 120,000 containers per year, simultaneously servicing 120 trucks and 25 wagons.
Also, Asaka Bank has developed a project to create a National Trade Town in Tashkent.
During the presentation of the above mentioned projects, the head of state noted that these projects should be aimed primarily at creating jobs and producing export-oriented products.
Furthermore, the plans of Tashkent’s administration of for projects in a new industrial zone in the Yangikhayot region were also presented. It was noted that 71 projects worth 4.6 trillion soums ($438 million) for the production of building materials, food, textile products and others will be implemented on the territory of the industrial zone with an area of 200 hectares.
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