TASHKENT, Uzbekistan, November 29. Russia and Uzbekistan have jointly launched the BMB-NRC Agrologistics Complex in Uzbekistan's Jizzakh region, Trend reports.
According to data from Uzbekistan's Chamber of Commerce and Industry, the new center is one of the two countries' greatest collaborative ventures. The project is expected to cost 709.7 billion Uzbek soums ($57.9 million).
On a 40-hectare plot, workshops for sorting and calibrating various agricultural products, as well as their processing, packing, and storage, are planned.
According to data from the Uzbek Chamber of Commerce, if fully operational, the complex will be able to generate up to 810.000 tons of agricultural products for export per year.
According to the chamber, the products will be supplied to Russia and the CIS countries without any further checks or delays.
Already, the facility has created 180 permanent jobs and over 400 seasonal positions. It is anticipated to employ 1,410 people on a permanent basis and another 1,500 on a seasonal basis once the work is completed.
Meanwhile, in August, plans were revealed for the establishment of a joint Russian-Uzbek agrological center in the Jizzakh region.
From January to September 2023, Russia's entire contribution of investments and loans for the growth of Uzbekistan's economy amounted to around $2.9 billion.
According to data published by Uzbekistan's State Statistics Committee, the recorded number accounts for 15.9 percent of total foreign investments, placing Russia in second place among those investing in Uzbekistan.
As per the statistics agency, investments and loans from the Russian Federation constituted 20.3 percent of the total foreign investments in the country in 2022, which translates to roughly $2 billion, standing as the biggest figure among all investing nations.
