Uzbekistan

The Middle Corridor may become more competitive compared to the Northern Corridor.

This is what Iain Rawlinson, commercial director of the company “APM Terminals Poti”, which manages the Georgian port of Poti, told “Trend”.

„Therefore, to make the Middle Corridor remain competitive when the hostilities in Ukraine end and the situation in the region normalizes, it will need its exceptional efficiency in creating transparent rail and sea transport links“, he said.

Azerbaijan's foreign trade relations with Uzbekistan are developing dynamically, Advisor to the Minister of Economy of Azerbaijan Masim Mammadov said at the opening ceremony of the „Made in Uzbekistan“ exhibition.

A Chinese company plans to build an innovative technology park on 25 hectares in the Fergana region and a solar photovoltaic plant on 500 hectares with an investment of $350 million.

The electricity generated at the station will be used to supply foreign enterprises located in the technopark.

The Technopark aims to produce products based on modern innovative technologies, including software and information technology.

This week, Artel Electronics LLC (Artel), Central Asia’s largest home appliance and electronics manufacturer, has become an official participant of the United Nation Global Compact (UNGC). Launched in 2000, the UNGC is a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices. Artel becomes Uzbekistan’s third company to participate.

The Kazakhstani Astana-Motors company will build a plant for the production of Hyundai cars in the Jizzakh region of Uzbekistan, the press services of the prime minister of Kazakhstan reports.

This became known during the third Forum of interregional cooperation between Kazakhstan and Uzbekistan.

Astana Motors has been producing and assembling commercial vehicles and passenger cars since 2019. Currently, the plant's capacity in Kazakhstan is 30,000 units of cars per year.

South Korean Posco International Textile company has expressed its readiness to organize a cotton-textile cluster in Uzbekistan, reports the press service of Uzbek Uztekstilprom Association.

The issue was discussed during the meeting of the company's management with the chairman of the association.
The company will begin work on the implementation of the project by 2022.

Siemens considers the development of a roadmap for digital transformation, localization of electrical equipment, development of the mining and metallurgical sector based on advanced technologies, and increasing local competencies as key priorities of cooperation with Uzbekistan, a Siemens representative stated.

Preparations to tackle the legacy of former uranium mining sites in Uzbekistan can begin, following the signing of a grant agreement today between the Environmental Remediation Account for Central Asia (ERA) and the government of Uzbekistan.

The €2 million grant will support a recently established Project Management Unit (PMU), which will be dealing with the environmental remediation of the former uranium mining sites at Yangiabad and Charkesar, located in the mountains east of the Uzbek capital Tashkent.

Asian Development Bank (ADB) will prioritize Uzbekistan’s transformation to market-based economy through reforms, regional connectivity and cooperation, and sustainable and inclusive growth in planning its assistance, an ADB representative told Trend.

The representative stated that ADB assists Uzbekistan with innovative financing instruments such as partial credit guarantees and public-private partnership schemes, consistent with Uzbekistan’s pursuit of engaging private investments in public infrastructure projects.

The 8th summit of the Cooperation Council of Turkic-Speaking States (Turkic Council) will take place on November 12, 2021 in Istanbul. During the meeting, Turkmenistan will join the Turkic Council as an observer, the Interfax-Azerbaijan news agency reported on Monday, citing a statement by the Turkish Foreign Minister Mevlut Cavusoglu.