Monday, 23, September, 2019

Economy

Uzbekistan offers French companies over US$ 6 billion worth of 90 investment projects, said Sardor Umurzakov, the Uzbek Investment and Foreign Trade Minister said on Wednesday speaking in Tashkent at a Uzbekistan-France Business Forum attended notably by the mission of International Movement of French Enterprises (MEDEF International).

Uzbekistan sent its first ever transit container cargo to Tashkent from the Kazakh port of Aktau, Uzbekistan Railways said in a statement.

The Mingbulakneft joint venture founded by Uzbekneftegaz and the Chinese CNPC obtained the first oil from the Mingbulak field in Namangan province, the Ministry of Energy said.

The serial production of Hyundai electric cars in the Kokand free economic zone is scheduled to begin by 2023, the Uzbekistan 24 reported.

Deputy Foreign Minister Alisher Abdualiyev, yesterday met with the head of the production department of the Roca Group (Spain), Francisco Luis Villa and discussed the prospects for the implementation of the project for the of sanitary ware and ceramic tile manufacturing unit initiated by the Embassy of our country in Madrid in Tashkent province.

During the state visit of the President Shavkat Mirziyoyev to Russia in April 2017, an agreement was signed with Russian investors providing for the exploration and development of the Mustakilliqing 25 Yilligi field in the Baysun district with the further construction of a gas chemical complex.

Uzsanoatqurilishbank, Aloqabank and Asia Alliance Bank will hold IPO and SPO, the April 26 Cabinet of Ministers' resolution said. 10% shares of Uzsanoatqurilishbank and Asia Alliance Bank will go on IPO, while 10% shares of Aloqabank will be put on SPO.

Tashkent will host an international investment forum in autumn, it said in a presidential decree of April 29. The organizing committee of the forum will be headed by Prime Minister Abdulla Aripov. The committee is allowed to attract, if necessary, foreign companies for financial, legal and information support.

President Shavkat Mirziyoyev signed the Measures to Further Improve Mechanisms for Attracting Foreign Direct Investments in the Uzbek Economy approving the list of state-owned stakes to be put up for sale.

British Petroleum (BP), together with Uzbekneftegaz, is exploring promising hydrocarbon fields in Ustyurt plateau. the Head of Safety and Operational Risk at BP, Gordon Birell said.