Tashkent, Uzbekistan (UzDaily.com) -- The Chinese company Mycars (Shandong) International Trading plans to invest US$15 million in a diversified project in Ferghana region of Uzbekistan.

Plans for this project were discussed at a meeting between the khokim of Ferghana region, Khayrullo Bozorov, and representatives of Mycars (Shandong) International Trading.

A preliminary agreement on the implementation of the project was reached in September, during Khayrullo Bozorov’s visit to China. The project will be implemented in Kuvasay.

At the first stage, the enterprise will produce autoclaved gas blocks and basalt thermal insulation slabs for building facades.

At the second stage, it is also planned to establish the assembly of cranes and veterinary drugs.

A foreign company was created as part of the project. The company will begin implementing the project shortly.

Khokim of Ferghana region Khayrullo Bozorov noted that the regional administration is ready to support this project.