Spanish RGK Mobile to enter the market of Uzbekistan;Singapore company to invest $12 million in Samarkand hotel;47 investment projects are implemented in Tashkent;The business forum in Bukhara to be attended by investors from 25 countries around the world;World Bank Group to advise Uzbekistan on civil aviation sector reform;The production of composite cylinders for liquefied gas started in Uzbekistan
Spanish RGK Mobile to enter the market of Uzbekistan
RGK Mobile, an international company for aggregating mobile payments, selling licensed digital content and servicing the SAAS platform for cellular operators, is set to enter the Uzbek market.
Singapore company to invest $12 million in Samarkand hotel
Khokimiyat of Samarkand region and State Committee for Investments agreed with Exim Investments Ple LTD that the Singapore company will be engaged in reconstruction of the hotel. The company to invest $ 12 million over two years to create a modern hotel complex here. Reconstruction should be completed by November 1, 2019.
47 investment projects are implemented in Tashkent
Acting hokim of Tashkent Jahongir Artykkhodzhaev agreed on the implementation of 47 investment projects in Tashkent. Investors will allocate 5.5 billion soums to the city.
Earlier it was reported that before the end of the year in Uzbekistan, five regional investment projects are to be implemented, their total cost will be 124.4 million dollars, more than 117 of them will be foreign direct investment.
The business forum in Bukhara to be attended by investors from 25 countries around the world
September 10-11 an international forum “Agro Business Bukhara” will be organized by the Bukhara Regional Hokimiyat together with the State Committee for Investments in Bukhara.
An exhibition will be held within the framework of this event, where business meetings will be organized in B2B and B2G format with domestic and foreign investors. Working groups will be formed to familiarize the forum participants with the region’s investment opportunities.
World Bank Group to advise Uzbekistan on civil aviation sector reform
In August 2018, the World Bank Group and the State Investment Committee of Uzbekistan signed an agreement on comprehensive advisory services to support the modernization of the civil aviation sector in Uzbekistan.
According to the RAS Agreement with Uzbekistan, the World Bank Group will develop recommendations for establishing a civil aviation sector policy and improving several aspects of the sector’s operations including institutional, financing, and organizational structure, as well as attracting private sector participation in airport infrastructure development and operations.
The production of composite cylinders for liquefied gas started in Uzbekistan
As it was reported by Uzbekneftegaz production of composite cylinders for the liquefied gas by JV LLC UNG ECONN has started in Angren free economic zone. The founders of the joint venture with equal shares are LLC Neftegazinvest, which is a part of Uzbekneftegaz JSC, and Hyundai International Co., Ltd. (South Korea). The cost of the project amounted to a total of $ 5.3 million, including costs for construction and installation works – $ 2.2 million and equipment cost – $ 3.05 million.