BAKU, Azerbaijan, August 4. Uzbekistan's Tashkent region and China's Wonderful International Investment Group discussed plans to establish a manufacturing facility for thermal insulation panels and expand investment cooperation during talks between regional officials and Chinese investors.
This was reflected in the statement by the Tashkent regional administration.
The meeting was held between Tashkent Region Governor Zoyir Mirzayev and representatives of Wonderful International Investment Group, with discussions focusing on new industrial and investment projects in the region.
Officials highlighted the steady development of the strategic partnership between Uzbekistan and China and reviewed Tashkent Region's investment potential, including incentives and conditions available to foreign investors.
"The parties expressed confidence that the meeting would become an important step toward strengthening practical cooperation between Tashkent Region and Chinese companies," the regional administration said in a statement.
A key topic of the talks was the allocation of land for a proposed manufacturing facility specializing in thermal insulation panels for exterior walls, as well as the implementation of other large-scale investment projects.
The discussions also covered opportunities to expand cooperation with TSC-HK-INVESTMENT LLC, the Uzbek subsidiary of Hong Kong-based Wonderful International Investment Group. Established in 2019, the company is engaged in real estate development and investment projects in Uzbekistan.
Following the meeting, Mirzayev invited the Chinese delegation to Nurafshon City, where they were introduced to land plots proposed for the planned investment projects.
The meeting reflects Uzbekistan's ongoing efforts to attract Chinese investment into manufacturing and construction materials production as part of a broader strategy to localize industrial output, create jobs and expand regional economic development.
