TASHKENT, Uzbekistan, March 19. A large-scale poultry cluster project is set to be developed in the Syrdarya region, following the signing of key agreements between Hungarian ZA-Invest Poultry and Uzbek authorities, Trend reports.
The news follows a meeting between Uzbekistan's Minister of Investment, Industry, and Trade Laziz Kudratov with a delegation from the Hungarian OTP Group to finalize agreements for the project's implementation.
The project, financed by the OTP Green Fund and implemented by ZA-Invest Poultry, a subsidiary of Hungary's OTP Group, will span 130 hectares. It includes the construction of eight poultry farms, a hatchery, a poultry slaughterhouse, a processing plant, a feed mill, and refrigerating and administrative facilities. With a production capacity of 16 million broiler chickens and 120,000 tonnes of feed per year, the initiative aims to significantly contribute to Uzbekistan’s agricultural sector.
The newly signed agreements for the poultry cluster project in Syrdarya include an Investment Agreement, a land lease agreement, and founding and charter documents with Uzbekistan’s Direct Investment Fund. The project is expected to strengthen economic ties between the two countries and enhance food security in Uzbekistan.
Currently, 12 Hungarian enterprises operate in Uzbekistan, including 7 joint ventures and 5 wholly foreign-owned enterprises. Major investment projects include OTP Bank's privatization of Ipoteka Bank, a high-tech pharmaceutical facility in partnership with Meditop Pharmaceuticals, and several other initiatives.