Meeting with Vice-President of Serba Dinamikgroup Berhad takes place in Khorezm region
Tashkent, Uzbekistan (UzDaily.com) -- First Deputy Chairman of the State Investment Committee of the Republic of Uzbekistan Sunatulla Bekenov and khokim of Khorezm region Farhod Ermanov held a meeting with Vice President of the Malaysian SERBA DINAMIK GROUP BERHAD Palendran Palachandran on 5 November in Khorezm regional administration.
The meeting was also attended by Murad Davletov, Director of the State Unitary Enterprise “Directorate of the FEZ “Hazarasp”and Makhmud Makhmudov, Advisor for trade and economic issues in Malaysia.
During the meeting, issues were discussed regarding the implementation of an investment project by the Malaysian company SERBA DINAMIK INTERNATIONAL LIMITED "Organization of caustic soda production" in the FEZ "Hazarasp", worth US$250 million of direct investments.
At the meeting, the Malaysian side was provided with comprehensive information about the ongoing economic reforms in the country, the liberalization of monetary policy, the favorable conditions created for doing business and the activities of the FEZ "Hazorasp".
In turn, Palendran Palachandran expressed interest in building a plant for the production of caustic soda. According to his information, in December 2018, it is planned to sign a cooperation agreement on the implementation of this project, and in April 2019, an investment agreement will be signed. The project implementation period will be 18 months after the signing of the Investment Agreement in April 2019.
Palendran Palachandran said that the cost of the project will be US$250.0 million, the number of jobs created will be 120 units, all manufactured products of the company being created will be exported, equipment for the plant will be manufactured by Thyssen Krupp AG (Germany).
The industrial residue from caustic soda production, chlorine, will be exported to North African countries through this