Tashkent, Uzbekistan (UzDaily.com) -- On 6 January, a meeting with representatives of the American company GMFR Global Group Co.LTD was organized at the Foreign Investment Promotion Agency (FIPA).

Opening the meeting, the FIPA specialists thanked the guests for their confidence in the rapidly developing market of Uzbekistan, in particular, as part of the planned joint projects for the construction of a hotel and the creation of a cluster of finished food products in the Samarkand region.

In September 2019, a tripartite agreement was signed between the Samarkand regional khokimiyat, the American company GMFR Global Group Co.LTD and the Chinese holding Beijing Huiyuan Holding Co.LTD as part of a strategic investment partnership project for the development of agriculture in Uzbekistan. The new plant will annually produce 20 million tons of packaged water, juices and dairy products, which will be fully exported.

Representatives of the company noted that in the near future equipment for the production of natural juice will be imported to the territory of Uzbekistan. Its cost is estimated at about US$100 million.

In order to develop long-term and effective cooperation, GMFR Global Group Co.LTD in January of this year will organize a visit of 10 large entrepreneurs from the People’s Republic of China, in connection with which, representatives of the IPA were requested information about promising investment projects.

CEO manager Angela Mo emphasized that GMFR Global Group is interested in developing joint projects in Jizzakh region, in particular, in such sectors as agriculture, construction materials (foam blocks) and the construction of social facilities.

Promising areas of cooperation for the coming years are such industries as engineering, the construction of hotel complexes and new roads and electronic commerce.

The market of Uzbekistan, having a number of geographical advantages in the field of international transport hubs, uniting countries of foreign Europe, the CIS, South-West Asia, India and China, has ample opportunities in the development of electronic commerce, on the example of cooperation with successful global trading platforms like Alibaba, Tmall , JD, Aliexpress and Taobao and others.

A foreign party requested information on measures aimed at the development of the digital economy and electronic commerce, the benefits and preferences provided to participants in the information technology market.

At the end of the meeting, FIPA experts noted that all issues of interest will be taken under control and detailed information will be prepared in the near future to establish fruitful cooperation with GMFR Global Group Co.LTD.