Economy

UET Construction acquires Chirchik Metal Alloy Plant

UET Construction acquires Chirchik Metal Alloy Plant
UET Construction acquires Chirchik Metal Alloy Plant

Tashkent, Uzbekistan (UzDaily.uz) — UET Construction, a Tashkent-based construction company, has acquired the Chirchik Metal Alloy Plant through an online auction for 39.9 billion sums.

UET Construction was the sole participant in the auction, which lasted 24 minutes.

The plant was originally listed for sale in mid-May 2024 with a starting price of 48.9 billion sums, which was later reduced to 38 billion sums.

The total area of the plant is 15,700 square meters, with 11,100 square meters being usable space.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.