International Investment Forum takes place in Nukus
19/11/2019 17:02
International Investment Forum takes place in Nukus
19/11/2019 17:02
Tashkent, Uzbekistan (UzDaily.com) - An international investment forum “International Investment Forum Karakalpakstan” was held in Nukus.
The two-day forum was attended by representatives of international organizations from about ten countries, including South Korea, the Russian Federation, the People’s Republic of China, Saudi Arabia, Pakistan, Afghanistan, Kazakhstan and Azerbaijan.
At the opening ceremony of the forum, the Chairman of the Jokarga Kenes of the Republic of Karakalpakstan M. Yerniyazov, the Deputy Prime Minister of the Republic of Uzbekistan E. Ganiev, welcoming foreign investors, spoke about the work being carried out on the initiative of the head of state to attract foreign investors to our country and create favorable conditions for them, increase production that meets the requirements of the global market for products and increase its export potential.
Under the leadership of President Shavkat Mirziyoyev, large-scale work is underway to implement joint projects by attracting foreign investment into the country, including the Republic of Karakalpakstan, and improving the environmental situation in the Aral Sea region.
On 24 August 2018, at a meeting of the founders of the International Fund for Saving the Aral Sea held in the city of Turkmenbashi, the head of our state proposed declaring the Aral Sea region a zone of environmental innovation and technology. As a practical implementation of this proposal, a business forum “New Muynak - New Opportunities” was held in the Republic of Karakalpakstan on 15-16 December and in October 2019 in Nukus, an international high-level conference under the auspices of the United Nations “Aral Sea Area - Territory of Environmental Innovations and technology.”
The conference discussed the creation of conditions for attracting foreign investment in order to establish the development and practical implementation of environmentally friendly technologies, the comprehensive implementation of the principles of a green economy, and the development of ecotourism.
The main goal of the international investment forum “International Investment Forum Karakalpakstan”, organized as a logical continuation of these actions, is to create production enterprises and new jobs in the territory by attracting foreign investors in the Aral Sea region, as well as to familiarize participants with the investment, export and tourism potential of the territory provided by investors with customs and tax benefits.
The Republic of Karakalpakstan has great investment potential, its territory is rich in unused resources. In the framework of the regional investment program planned for this year over the past period, foreign direct investment in the amount of 140.3 million dollars has been attracted to the republic. Most of them are in the People’s Republic of China, South Korea, Great Britain, Germany and the Russian Federation.
At the event, Chairman of the Chamber of Commerce and Industry of Uzbekistan A. Ikramov, Executive Director of Caris Co., Ltd South Korea Yu Cheol, Head of Department of ARAL ALUMINUM INVEST GROUP of the People’s Republic of China Jang Wei Xuan, Deputy Minister of Investment and Foreign Trade of the Republic Uzbekistan B. Abidov spoke about the investment potential of the country, the conditions created for foreign investors and the ongoing large-scale work in this direction.
As a result of the forum, 18 trade and economic agreements worth US$313 million were reached.
“In Buzatovsky and Nukus districts, we will implement livestock development projects in the amount of US$15 million,” said Wang Jie Wang, professor of the Agricultural University of China. - During the visit I was convinced that there are all possibilities for this.
Participants of the international forum visited the city of Nukus, Nukus, Khojeyli, Kanlykul regions, got acquainted with the activities of large industrial enterprises. An exhibition of products “Made in Karakalpakstan” was organized for guests in the building of the Karakalpak State Academic Musical Theater named after Berdakh.
Participants of the event also visited the I. Savitsky State Museum of Art and visited the sights of the city of Nukus.
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