Uzbekistan attracts foreign investment in building materials industry

TASHKENT (TCA) — During the next five years Uzbekistan is planning to spend more than $1.2 billion for the development of the building materials industry, the Jahon information agency reported.

Today, Uzbekistan resembles a huge construction site, with new industrial enterprises, modern residential buildings, and social facilities being built across the country. This work largely depends on a stable supply of quality building materials.

Uzbekistan occupies a leading position among the Central Asian countries in terms of raw materials for the production of building materials. The government pays special attention to the development of the building materials industry, supporting the industry’s enterprises.

The main emphasis in the industry is placed on creating new and modernizing existing enterprises, as well as introducing energy-saving technologies that reduce the cost of finished products. Another important aspect is the attraction of foreign investors from Russia, Turkey, China and the Republic of Korea to create joint ventures for the production of modern building materials.

The country is already implementing several major projects with foreign investment. For example, Great Wall Ceramics Enterprise together with Chinese investors is building a factory for the production of ceramic tiles with an annual capacity of 3.5 million square meters in the territory of Angren free economic zone. The enterprise is scheduled for commissioning in April 2018.

In Jizzakh region, Mega Invest JV is implementing a project to organize the production of reinforcement and thermal insulation materials based on basalt fiber. Production will be arranged according to European technology that meets international standards. The total cost of the project exceeds $52 million.

The Iranian enterprise EMG is completing the construction of a plant for the production of ceramic tiles in Tashkent region with an annual production capacity of 2.1 million square meters. Its commissioning is scheduled for the fourth quarter of 2017. The project cost is $11 million, of which $8 million is foreign investment.

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