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Economy 06/05/2024 Agreements worth US$26.6 billion were signed within Tashkent International Investment Forum
Agreements worth US$26.6 billion were signed within Tashkent International Investment Forum

Tashkent, Uzbekistan (UzDaily.com) -- Following the results of the third Tashkent International Investment Forum, agreements totaling US$26.6 billion were signed, the press service of the Ministry of Investment, Industry and Trade of Uzbekistan said.

In 2023, 167 documents worth US$11 billion were signed within the framework of the forum, and in 2022 - for US$7.8 billion.

In particular, the Data Volt (Saudi Arabia) plans to build urban infrastructure in New Tashkent worth US$1 billion. This company also intends to create a data processing center based on green technologies worth US$3 billion.

Another Saudi company, Acwa Power, intends to build a 5 GW wind farm in Karakalpakstan and will create 2 GW of electricity storage devices for a total cost of US$6.2 billion.

Amea Power (UAE) will build a 1000 MW wind power plant in Karakalpakstan for US$1.1 billion.

The Saudi company Saudi Tabrid is modernizing the heat supply system in Nukus, Ferghana and Kuvasay for US$750 million.

The Egyptian company Nil Shugar will allocate US$500 million to implement a project for growing sugar beets and producing sugar. The project will be implemented in Jizzakh region.

The Chinese company Shanghai Knud International will invest US$205 million to create a production of textile and clothing products in the Namangan region.

Wilmar International (Singapore) intends to produce food products and confectionery products in the Tashkent region. The volume of investments in the project will exceed US$200 million.

During the forum, contracts and agreements were concluded with other companies: Orascom Investment (Egypt), Bonafarm Group (Hungary), Sayar (USA), Goldwind, Sinoma (China), Sam Yapi (Turkey), Pasha Development (Azerbaijan), Lasselsberger (Austria), Petrosat Chexelsoton (Iran). The total cost of these investment projects is US$6.6 billion.

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