logo
EN
РУ EN ЎЗ
  • Uzbekistan
  • Economy
  • Finance
  • Technologies
  • Markets
  • Culture
  • Sports
  • Tourism
EN
РУ EN ЎЗ

An agreement was signed on the creation of a joint Uzbek-Chinese investment fund with a statutory fund of US$1 billion

An agreement was signed on the creation of a joint Uzbek-Chinese investment fund with a statutory fund of US$1 billion

29/08/2019 10:23

Tashkent, Uzbekistan (UzDaily.com) -- On 27 August, an agreement was signed between the Ministry of Investment and Foreign Trade and the Chinese corporation CITIC on the joint venture between the Ministry of Investment and Foreign Trade and CITIC Corporation on creation of China Investment Fund with a registered capital of US$1 billion.

The document was signed during a visit to the government delegation of the Republic of Uzbekistan led by Prime Minister Abdulla Aripov to China.

This step indicates a high growth rate of investment cooperation between the two countries: the formation of a sustainable financing mechanism will allow focusing efforts on accelerated implementation of priority high-tech projects.

By prior agreement with Chinese partners, emphasis will be placed on industrial enterprises in the chemical and petrochemical industries and production facilities in the oil and gas sector.

In the near future, the Uzbek side, in the person of the Ministry of Investment and Foreign Trade, will prepare a pool of promising project proposals for implementation at the expense of the Fund, among which a significant share will be export-oriented enterprises of multi-stage production cycles with output with high added value, with deployment in the regions republics with the corresponding raw material base and human resources.

In this regard, an agreement was reached with the Chinese side on holding a series of meetings and negotiations in Uzbekistan to determine the address list of projects for feasibility studies and subsequent approval.

Latest News

Shavkat Mirziyoyev: Our fathers and mothers created this culture, putting a particle of their soul into it

02/02/2023Read more

Representatives of the CIS Executive Committee take part in the International Conference on Quality Assurance in Education

02/02/2023Read more

A private clinic turns into a medical cluster

02/02/2023Read more

Currency rates from 27/01/2023

$ 1 11320.02 +0.242%
€ 1 12334.29 +0.380%
₽ 1 164.02 +0.098%
Other currencies »
  • Ronaldo in Uzbekistan
  • Measures on Qoqand development
  • Uzbekistan in figures. 2009.
  • ADB’s 43rd Annual Meeting
  • Uzbekistan in figures. 1H 2010.
  • Art Week Style.uz 2010
  • Uzbekistan in figures. January-September 2010.
  • Uzbekistan in figures. 2010.
  • Uzbekistan in figures. 1Q 2011.
  • London 2012
  • Incheon-2014
  • Elections-2014
  • Reforming public finance management system
  • Rio-2016
  • Elections-2016
logo
  • Registration Certificate of Uzbekistan Press
  • and Information Agency No. 0601 from 28
  • October 2009.
  • Founder: DAILY MEDIA
  • Chief Editor: Umarov Anvar Abrardjanovich
  • Address: Yunusabad 12-27-73, Tashkent,
  • 100180, Uzbekistan

About us

  • About Us
  • Condition of Use
  • Privacy Policy
  • Gadgets
  • Advertisement

Social pages

  • Facebook

  • Twitter

  • Google+

  • Telegram

© 2007-2022 UzDaily. All rights reserved.
Registration Certificate of Uzbekistan Press and Information Agency No. 0601 from 28 October 2009.

18+