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Economy 18/04/2023 China is ready to invest in a large agro-logistic center of Uzbekistan
China is ready to invest in a large agro-logistic center of Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) -- A meeting was held at the Ministry of Agriculture of the Republic of Uzbekistan between the Minister of Agriculture Aziz Voitov and delegations from China led by Yibo Wang, Deputy General Director of the Department of Agriculture of CITIC GROUP.

The purpose of the meeting is to discuss the project for the construction of the Agrological Park in the Khavast district of the Syrdarya region. The cost of the project is US$50 million.

At the meeting, the objects that are planned to be created on the allocated area of 32 hectares were discussed, in particular:

warehouses with a capacity of 50,000 tons, a turnover of 300,000 tons of agricultural products, including sorting, processing, storage, cooling and packaging;

offices and hotels with at least 200 rooms;

the customs post;

car park;

phytosanitary and veterinary inspection point;

receiving point for containers and other facilities.

This large logistics center will connect Uzbekistan with Kazakhstan, Tajikistan, China and Afghanistan.

The cooperation of our countries in the creation of this facility involves the following model:

external infrastructure entirely from Uzbekistan;

the creation of an agro-logistics center involves 100 percent investment by China with a payback period of 7 years.

In turn, the Uzbek side provides government support, including an investor visa, free conversion, tax benefits, as well as legal guarantees on the basis of the Law of the Republic of Uzbekistan “On Investments and Investment Activities”.

Syrdarya region is a region within the Republic of Uzbekistan. It borders in the north with the Republic of Kazakhstan, in the east - with Tashkent region, in the south - with the Republic of Tajikistan and in the west - with the Jizzakh region. The total area is 4.28 thousand square kilometers.

 

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