Uzmetkombinat and Standard Chartered Discuss Development Strategy and Investment Projects in Bekabad

Tashkent, Uzbekistan (UzDaily.com) — On 12 February 2026, Chairman of the Management Board of Uzmetkombinat JSC Bakhadir Abdullayev held a meeting in Bekabad with a delegation from the international bank Standard Chartered.

During the visit, the parties discussed opportunities for premium corporate, institutional and private clients to benefit from sustainable growth across the markets of Asia, Africa and the Middle East.

The meeting included a management session focused on the company’s updated strategy and financial forecasts, followed by a question-and-answer session.

Participants reviewed Uzmetkombinat’s current performance indicators, strategic priorities and long-term prospects, as well as new investment projects and initiatives aimed at further development of the enterprise.

The sides reaffirmed their commitment to continuing cooperation and agreed to maintain regular engagement on investment-related matters and priority areas of financing.

The delegation also visited the company’s key investment project — the hot rolling complex — where the main production, operational and technical characteristics of the facility were presented.

The visit builds on an established partnership and successful financial cooperation. In September 2025, Uzmetkombinat JSC signed a seven-year loan agreement worth €132.5 million to complete the launch of Uzbekistan’s first hot-rolled coil production facility, the QPM project.

The financing was arranged by Standard Chartered (United Kingdom) and KfW IPEX-Bank GmbH (Germany) with insurance coverage provided by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), and was directed toward the construction, commissioning and start-up of the hot rolling complex, as well as the refinancing of related costs.