Tashkent, Uzbekistan (UzDaily.com) -- The Uzbek-Russian joint venture BMB-NRC Agrologistics was established to build a modern agro-logistics complex in Sharof Rashidov district of Jizzakh region on the basis of an agreement between BMB Trade Group and the Russian National Reserve Corporation.

The complex will be used for sorting, processing and packaging of agricultural products grown in our country, storage, customs and sanitary documentation, transport and logistics services, as well as direct exports to Russia.

It should be noted that the project, which consists of three stages, is being implemented on the basis of an intergovernmental agreement between Uzbekistan and Russia.

It is noteworthy that on December 15 this year, the first part of the funds allocated by VEB.RF for the implementation of the first phase of this project was directed to funding.

In short, this project, which is being implemented in the framework of bilateral cooperation, will serve to further expand economic cooperation between the two countries.