Plaza Hotelgroup GmbH will build several hotels in Uzbekistan. This will be the first hotels of the company outside of Europe; LG International and Jizzakh plastic set up a joint venture to produce a BOPP film valued at $ 40 million; French Development Agency intends to invest 450 million euros in projects in Uzbekistan; Turkish investor to build “Smart House” in Tashkent; Uzbekistan, Russia eye to build plant for production of pipes with thermal insulation
The German Plaza Hotelgroup GmbH will build 6-8 hotels under the Best Western brand in major cities of the country. In Uzbekistan, the company intends to build hotels in large tourist cities, for which it plans to allocate $ 100 million. It is reported that in the next 3-5 years the company will build 6-8 hotels in the country. The German company has built and owns 34 hotels in four European countries: Germany, Austria, the Czech Republic and the Netherlands. Established in 2002, the company is considered one of the fastest developers in the hotel sector.
LG and Jizzakh plastic are setting up a joint venture to produce bio-oriented polypropylene (BOPP) films, according to the data from the Unified Corporate Information Portal. The project is estimated at $ 40 million. The organization of production was envisaged by the presidential decree of August 23. It was projected that the annual capacity of the project will be 3, 5 thousand tons. The term is 2019-2020.
French Development Agency intends to invest 450 million euros in projects in Uzbekistan
The French Development Agency (FAR) intends to invest about 450 million euros in projects in Uzbekistan within the next four years, Podrobno.uz correspondent reports with reference to a source in the French embassy.
“The parties will now finish the discussion of all the details of the bilateral cooperation program for 2018-2021, where the projects are planned and their funding,” the source said.
Turkish investor to build “Smart House” in Tashkent
Investor from Turkey Rejeb Shirin intends to implement in Tashkent a project for the construction of a shopping center and multi-storey complex “Smart House”, correspondent Podrobno.uz reports. The project was approved by the head governor and now new facilities will be built in the Yakkasaray district of Tashkent.
“Earlier, if we sent a letter to the authority, we would have to wait 15 days for reply, but at a meeting organized by the Tashkent city administration, it was not even 15 minutes before our appeal was decided.” We thank everyone who organized the event. We will build modern buildings, “- noted Rejeb Shirin.
Uzbekistan, Russia eye to build plant for production of pipes with thermal insulation
A plant for the production of pipes in a protective shell with thermal insulation may soon be built in Uzbekistan, Uzbek media outlets reported.
The plant’s founders will be Russia’s Ural Pipe Insulation Plant, the Ministry of Housing and Communal Services of Uzbekistan and the administration of the Tashkent region.
The plant will be called Tashkent Pipe Insulation Plant and will be located in Bekabad city of the Tashkent region. Its authorized capital will be $ 2 million with an equal distribution of shares between the Uzbek and Russian sides (50 percent each).