Karakalpakstan to Fund Construction of 101 Housing Units

Tashkent, Uzbekistan (UzDaily.com) — A memorandum of cooperation has been signed at the Agency for Social Protection of the Population under the President of Uzbekistan between AKB “InFinBank” and the Jokargy Kenes of the Republic of Karakalpakstan, aimed at supporting young families in difficult social conditions.

The signing ceremony was attended by the Director of the National Agency for Social Protection of the Population Mansurbek Olloyarov, shareholder of AKB “InFinBank” Farkhod Mamadjanov, and Chairman of the Jokargy Kenes of the Republic of Karakalpakstan Amanbay Orinbayev.

Under the document, “InFinBank” will allocate more than 16 billion soums in sponsorship funds to support young families in Karakalpakstan.

The project provides for the construction of 101 residential houses for families living in unsafe or dilapidated housing conditions. It also includes the development of necessary infrastructure and installation of solar panels.

The implementation of the memorandum is aimed at improving housing conditions for young families and enhancing their social protection levels.