TASHKENT (TCA) — A new plant for production of industrial metal ware will be built this year in Uzbekistan with the participation of a Turkish company, the Jahon information agency reported.
A memorandum of establishment of a new industrial facility in the territory of the free economic zone Angren was signed late in February, during the visit of an Uzbek delegation to Istanbul.
The preliminary cost of the project is about $10 million. The Turkish investor — DAL Teknik Makina company — has already studied the territory of the zone and selected the site for the project with a total area of about 6 hectares.
The parties intend to complete the project by the end of 2017. According to experts, the launch of the new production would significantly reduce imports of ready-made metal structures for industrial purposes, and create about 100 new jobs.
Last year, the Angren SEZ used $56.7 million of investments, a 6.1 percent increase on-year. Seven new production facilities were commissioned last year, and industrial products were produced for 929 billion soums (45.6 percent more than the previous year).
Work on the commissioning of nine new production facilities, which will specialize in leather processing, production of seamless steel pipes and fittings, electric hand drilling and grinding machines, decorative ceramic tiles and sanitary faience, conveyor belts, agricultural and automobile tires, porcelain stoneware, electric pumps and other products, will be continued in the current year.
The total preliminary cost of the abovementioned projects exceeds $300 million, including $40.3 million of foreign direct investments. After completion, all the projects promise creation of 2,300 new jobs.
