South Korean investors to buy assets of Uzbek companies for US$220m
06/11/2015 09:36
South Korean investors to buy assets of Uzbek companies for US$220m
06/11/2015 09:36
Tashkent, Uzbekistan (UzDaily.com) -- South Korean investors will buy state assets in the companies from Uzbekistan. This was announced at the meeting of the President Islam Karimov with Lee Kwan-Sup, First Vice Minister of Industry, Trade and Energy of the Republic of Korea, on 5 November.
Lee Kwan-Sup is heading a delegation of South Korea, which is participating in International Investment Forum in Tashkent.
Uzbek leader underlined that South Korea is one of Uzbekistan’s key investment and technology partners. Islam Karimov noted that the South Korean businesses are participating in strategic projects in key sectors of economy of Uzbekistan.
He recalled that construction of the Ustyurt Gas Chemical Complex at the Surgil field worth US$ 4 billion. The construction of complex ended in October 2015.
The sides considered issues of participation of the Korean investor in privatization of state enterprises and assets in Uzbekistan, realization of joint projects in key industrial and infrastructure sectors.
It was noted that 24 agreements and memorandums will be signed within the International Invetsment Forum, in line with which South Korean investors will acquire state assets in the hydrocarbon, chemical, electro-technical, machine-building and food industries, in the production of construction materials as well as in the infrastructure realm for over US$220 million.
Lee Kwan-Sup noted that the Republic of Korea attaches priority significance to the further development and consolidation of bilateral mutually advantageous cooperation, primarily in the trade-economic and investment spheres.
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