Industry - The Times Of Central Asia

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Uzbekistan and Germany Partner on Green Industrialization with €3 Million Grant

On November 13, at the 29th UN Climate Change Conference (COP29) in Azerbaijan's capital Baku, Uzbekistan's Ministry of Economy and Finance signed a memorandum with the German International Cooperation Society (GIZ) to secure additional funding for a project aimed at supporting the private sector in green industrialization. As part of the initiative, Germany has allocated €9 million to help Uzbekistan’s private sector transition to a green economy. The project is designed to assist the Uzbek government in implementing economic reforms and fostering sustainable economic development, focusing on enhancing the capacity of both the public and private sectors to adopt green industrialization practices. The initiative will also provide technical expertise in measuring and certifying greenhouse gas emissions, supporting Uzbekistan’s participation in international carbon trading mechanisms, and aligning with the European Union’s Cross-Border Adjustment Mechanism (CBAM). Additionally, it aims to promote resource-saving and sustainable production by encouraging the private sector to adopt green technologies, including circular economy practices and green industrial park models. To further bolster the project, a €3 million grant was approved during the conference. This funding will complement the ongoing initiative, titled “Support to the Private Sector and Advice on Economic Policy in Uzbekistan.”

Food industry CIS Export Industry Export/Import

Kyrgyzstan Triples Ice Cream Exports

Kyrgyzstan has doubled its ice cream production in the last five years, and tripled its exports to other countries in the region. Last year, the country produced 10,800 tons of ice cream, up from 5,200 tons five years earlier. This increase is due to growing demand for Kyrgyz ice cream in other Eurasian countries, primarily Kazakhstan, Uzbekistan, and Russia. Exports to these countries have increased from 2,800 tons per year to 6,100 tons since 2019. “At the same time, imports of ice cream have shown good dynamics recently, and they have decreased from 2,788 tons (per year) to 1,969 tons. This indicates the substitution of imported products with domestic production,” said the Ministry of Agriculture of the Kyrgyz Republic. According to official data, Kyrgyzstan imports ice cream from Turkey, Belarus, and Lithuania. While a kilogram of ice cream from Russia costs 240 KGS ($3), Lithuania and Turkey ask an average of 570 KGS ($7). The cost of one kilogram of ice cream from Kyrgyzstan is just over 200 KGS ($2.5).

military equipment Military Information Army Defense Turkey Industry

Kazakhstan May Manufacture Turkish Bayraktar Drones

A delegation headed by Kazakhstan's Minister of Defense , Colonel General Ruslan Zhaksylykov, attended the IV International Exhibition of Defense and Aerospace Equipment SAHA EXPO-2024 opening ceremony in Istanbul. The event brought together leading representatives of the military-industrial complex of Europe, Asia, and the Middle East. It demonstrated the latest developments, including automatic troop and battle management systems, robotic systems, communications, air defense, radio reconnaissance, electronic warfare, radio countermeasures, unmanned aerial vehicles, and laser technologies. During the exhibition, Zhaksylykov held talks with Turkish Minister of National Defense Yaşar Güler and Chairman of the Defense Industry Agency Haluk Görgün. He also met with Mohammed bin Mubarak Fadel Al Mazroui, UAE Minister of State for Defense Affairs. Special attention was paid to the talks with Baykar Defense CEO Haluk Bayraktar. The parties agreed on developing a roadmap for the localization of the production of tactical unmanned aircraft systems and barrage munitions at the operational level in Kazakhstan. Kazakhstan is actively developing the production of unmanned aerial vehicles (UAVs) with the involvement of foreign partners. One of the significant projects is the joint production of Anka drones with Turkey, which will start in 2024. The agreement between Turkish Aerospace Industries (TAI) and Kazakhstan Engineering provides for technology transfer and the creation of an assembly line, allowing Kazakhstan to produce drones independently in the future. In addition to Turkey, Kazakhstan cooperates with South Korea and China on drones. In 2023, Petropavlovsk established local drone production using components from China. Such steps contribute to the development of Kazakhstan's defense industry and reduce dependence on imports.

Natural gas Economic Cooperation International Cooperation South Korea Automobile Industry Industry

Daewoo To Invest $730 Million in Turkmenistan

South Korean company Daewoo Engineering & Construction has won a tender to build a fertilizer plant in Turkmenistan. The project is estimated to cost a trillion won (about $730 million). According to the company, the new plant will be located in Turkmenabat, 450 km east of Ashgabat. It will have an annual capacity of 350,000 tons of phosphate fertilizer and 100,000 tons of ammonium sulfate, and will include additional auxiliary facilities. After the completion of the main contract, final data on the contract's value and implementation terms will be published. The company has stated that implementing the project will allow Daewoo E&C to strengthen its presence in Central Asia and expand its activities in the petrochemical and agricultural sectors, infrastructure, and urban projects. In the future, the company intends to offer environmentally friendly technological solutions to further cooperate with Turkmenistan. Daewoo E&C noted that winning the tender was possible thanks to the support of the South Korean government, including during the official visit of President Yun Seok Yeol to Turkmenistan in June. The company's Chairman, Jeong Won-ju, also met with the Chairman of the People's Council of Turkmenistan, Gurbanguly Berdimuhamedov, in November 2022 during his visit to South Korea. The two sides signed a memorandum of understanding, cementing an agreement on close cooperation. Jeong Won-ju has visited Turkmenistan three times since then, which helped strengthen ties and successfully conclude negotiations. Daewoo E&C is aiming to become a leader in the global EPC (engineering, procurement, and construction) market. “We strive to participate in projects that contribute to a sustainable future,” a company representative stated. Turkmenistan is implementing several major projects with the participation of South Korean companies. Hyundai Engineering has agreed with state-owned Turkmengas to expand the Galkynysh gas field. This project includes the construction of a fourth gas desulfurization facility, making it the largest in the country's history. Korean companies have also been actively constructing and developing an oil refinery in Kiyanly. Projects to create “smart cities” are also being discussed.

China Industry Automobile Industry Economic Cooperation Economy growth

Accelerating Growth: Uzbekistan’s Automotive Industry Continues to Expand

Uzbek-Singaporean company Technologies of Real-Time plans to start producing components for such famous brands as BYD, Chery, Changan, Geely, and Dongfeng, it was announced during President Mirziyoyev's visit to the Tashkent region. The project will cost $115 million and is planned to be realized by 2025. As a result, 43 new jobs will be created, and production capacity will increase from 180,000 to 280,000 units annually. The automobile industry is a critical component of the Uzbek economy, with car production growing almost threefold in recent years. By the end of this year, production volume is expected to reach 460,000 units, and by 2030, it is planned to increase this figure to 1 million. Two new private enterprises and international brands have been brought in to eliminate monopolies and promote competition in the industry, with more than 20 plants in the country producing a wide range of cars and trucks. In response to the growing demand for spare parts, more than 300 enterprises have joined a cooperative network, including Technologies of Real-Time in Zangiat. In November 2019, the President familiarized himself with the products of this enterprise at an international industrial fair, and recommended its further expansion. As a result, extensive modernization has been carried out, and new equipment from China, Russia, South Korea, Japan, and the United States has been installed in 12 workshops. Currently, more than 750 types of spare parts for 118 car models are produced here. The enterprise has created 220 jobs. Products are supplied to the domestic market, including to the Uzavto Motors plant in the Khorezm region, where 773,000 spare parts for Damas and Labo were shipped. Spare parts are also in demand abroad: last year, exports amounted to $3 million, including deliveries to Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan.

National Bank Gold Mining Gold mining in central asia Industry Russia

Changing Volumes of Gold Mined in Kazakhstan and Uzbekistan

According to data issued by the U.S. Geological Service, in 2023, 130 tons of gold were mined in Kazakhstan and 100 tons in Uzbekistan. Kazakhstan's volume increased by 15 tons compared to 2022, whilst Uzbekistan's decreased by 4 tons. Russia produced 310 tons of gold, equivalent to that mined the previous year. Worldwide, 3,600 tons of gold were produced in 2023, 60 tons less than in 2022. The U.S. Geological Survey has yet to release the latest estimate of gold production in Kyrgyzstan but according to data, the country mined 25.3 tons in 2022. As of September 1, Uzbekistan’s international reserves reached $39.15 billion; a record indicator since data disclosure began in 2018. The National Bank of Kazakhstan counts the country’s gold and foreign exchange reserves in February 2024 at $36.1 billion. In 2014, this indicator was at $26.05 billion, meaning that over the past ten years, the volume of gross international reserves has increased by $10 billion (+38.6%).