Turkish company has become the main investor of Olmazor City; Canadian B2Gold intends to enter the market of Uzbekistan; OPIC starts financing projects in Uzbekistan again; Uzbekistan has improved its position in the Index of Economic Freedom; Netherlands will help to build a poultry processing plant in Uzbekistan;
Turkish company has become the main investor of Olmazor City
The main investor is the Turkish company Ozun Insaat Yatirim Danismanlik. Olmazor City will be located on an area that will occupy more than 24 hectares of land.
In this complex is planned to build administrative buildings, apartment buildings, a modern business center, a hotel and an avenue, educational and medical facilities.
The construction of the complex was estimated at $ 130 million. Of the 24 hectares, 8 hectares are supposed to be allocated for the creation of the park.
Canadian B2Gold intends to enter the market of Uzbekistan
B2Gold plans to implement several investment projects in Uzbekistan. Ambassador of Uzbekistan in United States and Canada Javlon Vakhobov and B2Gold Vice President Neil Reader discussed this issue in Washington. The company attaches strategic importance to establishing cooperation with Uzbekistan and intends to use the most modern technologies.
Neil Reader is going to visit Uzbekistan in May as part of the visit of leading Canadian companies’ representatives.
B2Gold is Canadian leading gold mining company. By the end of last year, the production levels reached one million ounces.
OPIC starts financing projects in Uzbekistan again
Overseas Private Investment Corporation (OPIC) will finance a project to create an intensive garden and a modern greenhouse in Jizzakh. Within the framework of this project it is planned to cultivate over 180 hectares of apple, almond and cherry trees on the land plot, as well as to build modern, high-performance greenhouses and install refrigerators and drying equipment from leading global manufacturers.
The launch of the project is scheduled on March 2019 and production at full capacity is expected to be reached by 2021. The total project cost is estimated at $21 million. It is planned to create up to 150 work places, half of which will be occupied by women.
OPIC is an agency under the US government that is committed to support American investments in emerging markets. OPIC started working in Uzbekistan in 1992, and over time has provided support for attracting loans from American banks in the amount of about $ 230 million. At the beginning of the 2000s, cooperation was suspended for a number of reasons.
Uzbekistan has improved its position in the Index of Economic Freedom
Experts of the American Research Institute Heritage Foundation published the Index of Economic Freedom 2019. Uzbekistan is located on the 140th line in it, having risen by 12 positions compared to last year.
The average score of Uzbekistan, calculated by 12 indicators, was 53.3%, which is 1.8 percentage points more than last year. Indicators on such issues as the protection of property rights, tax burden, freedom of business, freedom of work and others have grown.
However, as in the past year, the situation with judicial effectiveness and financial freedom is unimportant. Freedom of investment has grown, but the figure is still much lower than the regional average.
The report notes that due to the reforms started last year the overall situation in the country began to improve and, which has led to good growth in indicators. This has allowed the country to rise 12 positions up and take 140th place between Burma (139th place) and the Maldives (142nd place).
Netherlands will help to build a poultry processing plant in Uzbekistan
The Netherlands will help build a poultry meat processing plant in the Urtachirchik district of the Tashkent region. Uzbekistan Ambassador in Netherlands Dilyor Khakimov discussed this issue with the management of Marel Holding BV, the press service of the Ministry of Foreign Affairs of Uzbekistan reports.
The Netherlands side assured that they are ready to participate in the creation of processing facilities in the republic.
The project cost of the enterprise is estimated at 10 million euros. Representatives of Marel Holding BV are going to come to Uzbekistan in early February in order to discuss the construction of the factory.