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Uzbekistan, China sign $100mln worth agreements

July 04, 2013, 11:13 UTC+3
The documents were signed on the sidelines of the forum Special Industrial Zone Dzhizak - Unique Investment Possibilities for Chinese Companies
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TASHKENT, July 4 (Itar-Tass) - Uzbekistan and China have signed 21 agreements to a sum total of 100 million U.S. dollars to implement joint energy, machine-building, pharamaceutical and other projects in the special industrial zone Dzhizak.

The documents were signed on the sidelines of the forum Special Industrial Zone Dzhizak - Unique Investment Possibilities for Chinese Companies that was organized by Uzbekistan’s ministry of foreign economic ties, investments and trade and China’s ministry of commerce.

Taking part in forum are about 300 businessmen from China’s biggest companies, the local media report on Thursday. Speakers included Uzbekistan’s First Deputy Prime Minister Rustam Azimov, Minister of Foreign Economic Ties, Investments and Trade Elyer Ganoyev, Minister of Economy Galina Saidova, and Chairman of the Chamber of Commerce and Industry Alisher Shaikhov.

Participants in the forum visited the special industrial zone Dzhizak in the Syrdarya regions, where they attended an opening ceremony of the production line of smartphones of the Uzbek-Chinese joint venture brand. The plant’s designed capacity is 100,000 phones a year. The project cost is 3.2 million U.S. dollars.

The forum in the Uzbek capital was preceded by Uzbek-Chinese investment forums that were held in four Chinese cities in April 2013. These forums yielded 54 documents on joint implementation of high technology investment projects in the special industrial zone Dzhizak to a total sum of 300 million U.S. dollars.

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