Three Major Investment Projects Worth US$350 Million Launched in Ferghana

Tashkent, Uzbekistan (UzDaily.com) — Ferghana marked the launch of three major investment projects totaling US$350 million, local officials reported.

The inauguration ceremony brought together regional authorities, Chinese investors, company executives, entrepreneurs, respected elders, and members of the public.

Ferghana Governor Khayrullo Bozorov emphasized the stable growth of strategic partnership between Uzbekistan and China, citing strengthened trust, friendship, and mutually beneficial cooperation under the leadership of both countries. He highlighted China as Uzbekistan’s largest investor and a key trade and economic partner, fostering regional collaboration.

“The joint projects implemented in our region demonstrate this partnership. Today’s event represents an important step within the Belt and Road Initiative and in deepening economic and trade relations,” Bozorov said.

The launched projects include the construction of the Eurasian International Trade Center, a Hilton DoubleTree hotel, and the Foshan industrial park. Officials noted these projects will enhance Ferghana’s industrial capacity, logistics capabilities, and tourism infrastructure.

Currently, 273 enterprises with Chinese investment operate in the region, with plans for around 100 more promising projects. Chinese investors established and registered the company Hengtai to oversee these initiatives.

The projects will include a 40-hectare industrial zone in Ferghana city, a five-star hotel in the Burhaniddin Marginalni scientific-tourism center in Margilan, and a 32-hectare trade and logistics hub in Ferghana district. The initiatives are expected to create over 10,000 new jobs.

During the ceremony, Hengtai and Hilton Worldwide signed a memorandum of cooperation. Groundbreaking construction work followed immediately.

Bozorov highlighted the projects’ significance for the regional economy and expressed confidence in their mutual benefits and successful completion. Chinese partners also emphasized Uzbekistan’s investment potential and the expanding scope of bilateral cooperation.

The event concluded with participants expressing hopes for peace, stability, prosperity, and successful implementation of all projects in the region.