Tashkent, Uzbekistan (UzDaily.com) - A meeting with representatives of Tashkent Zhuo Yuan Glass Development was organized on 4 January at the Foreign Investment Promotion Agency (FIPA).

The purpose of the meeting was to discuss organizational and preparatory work on the project for the construction of a new glass factory in Syrdarya region.

In 2019, with the assistance of the FIPA, a memorandum was signed between Tashkent Zhuo Yuan Glass Development LLC and Syrdarya Region Khokimiyat on the creation of a new float glass factory. The amount of investment under the project is more than US$10 million and will create 300 jobs.

Director of the company Chen Guo Ke during the conversation noted that during the visit to Uzbekistan, the founders of the company plan to get acquainted with the territory where the construction of the future plant is planned, as well as determine further steps for the implementation of this investment project.

To ensure free entry into the territory of the Republic of Uzbekistan, Chen Guo Ke requested assistance in applying for a business entry visa to foreign specialists for a longer stay in the country.

FIPA specialists informed the guests in detail about the procedure for obtaining a business entry visa, as well as the willingness to assist in the preparation of the necessary documents. The Chinese side was informed that several months ago a multiple investment visa was issued in the Republic of Uzbekistan, issued for up to 3 years. T

his visa can be issued by foreign citizens and stateless persons who have invested in the economy of the Republic of Uzbekistan in the amount of at least 8,500 times the estimated base value (equivalent to 200 thousand US dollars) established in the country at the time of making foreign investments in the form of shares and shares of business companies, as well as the creation of enterprises with foreign investment.

At the end of the meeting, the guests noted that in case of the successful implementation of the planned project, the founders of the company are ready to expand cooperation in the production of aerated concrete block and foam concrete block in the Republic of Uzbekistan.