Tashkent, Uzbekistan (UzDaily.com) — Chinese investors are planning to implement five high-tech production projects in Almalyk, according to the Tashkent Region Administration.

During a visit to Hangzhou, a delegation led by Almalyk’s khokim, Kobil Khamdamov, held negotiations with several companies.

The discussions focused on plans to manufacture LED lamps, process raw materials for chips and microcircuits, and produce other high-tech products.

The total investment for these projects, formalized in a memorandum, amounts to $110 million.

These initiatives are expected to create over 500 new jobs.

Additionally, the delegation met with Wang Licheng, Chairman of the Board of Directors of Holley Group, to expedite the implementation of joint projects.

A roadmap for these projects is set to be prepared in early 2025, with weekly meetings between the implementing parties planned to ensure smooth progress.