A company from Scotland is exploring investment opportunities in Karakalpakstan and Kashkadarya region

Tashkent, Uzbekistan (UzDaily.com) -- With the assistance of the Embassy of Uzbekistan in the UK, negotiations were held between the director of TP Securities (Scotland) Jerome Broome with the khokim of Kegeili district of the Republic of Karakalpakstan Daulet Utemuratov, as well as the deputy khokims of Shahrisabz Ulugbek Rakhimov and Guzar district by Olimjon Mavlonov.

During the meeting, detailed presentations of these districts of the republic were held in terms of investment opportunities and export potential, as well as issues of cooperation on participation in joint projects and the entry of Uzbek products into the regional market of Scotland were discussed in detail.

Following the talks, the British company identified promising areas for each region. In particular, preliminary agreements were reached on a detailed study of the implementation of projects with the participation of British investors in the field of establishing polypropylene production, processing clover seeds, as well as in the fields of poultry and livestock breeding.

The British side expressed interest in the joint implementation of investment projects to establish the processing of fresh fruit and vegetable products and leather products with further access to consumers in the markets of neighboring countries. The prospects for cooperation in such areas as the production of building materials and the joint production of canned food were discussed.

Jerome Broome said that currently the company’s specialists are conducting marketing research on the entry of certain types of Uzbek fruit and vegetable products to the Scottish market.

The parties reached an agreement on a detailed study of projects and the organization of a visit of representatives of the British company to Uzbekistan in May-June.