The volume of foreign investment will almost double

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The activity of a foreign enterprise in the form of a limited liability company "Knauf Gips Buxoro" is increasingly developing. As a result of direct investment of 16 million euros by a foreign founder, since May last year, the volume of production of gypsum plasterboard has increased.

“With the new project, the production capacity of our company has increased by 40 percent,” said Utkir Jumaev, deputy director of the foreign company Knauf Gips Buxoro. - In other words, we now have the opportunity to produce 33.5 million square meters of drywall annually. In this way, we can meet the ever-growing needs of customers for building materials. Of course, the products are also exported.

In the Bukhara region, great attention is paid to attracting foreign direct investment in various sectors of the economy. Only in 2018, within the framework of 22 projects with the participation of foreign investors, $ 110 million of investments were spent. Implemented 4 projects.

The material and technical base of a foreign enterprise in the form of a limited liability company "BCT Claster" of an agricultural complex in the Romitan district is becoming increasingly stronger. The founder, the Russian company Petromaruz, has purchased 210 modern tractors, excavators, 139 cultivators and other equipment through direct investment of $ 8 million. And this played an important role for the timely implementation of all agrotechnical measures in the cultivation of cotton.

In our country, in particular in the Bukhara region, investment policy is consistently pursued aimed at ensuring stable economic development. For the current 2019 - the Year of Active Investments and Social Development in this direction, big tasks have been set. For example, it is planned to master 19 projects at the expense of foreign direct investment for 246 million US dollars, which is two times more than last year, other additional foreign investments will also be attracted.

Last year, a regional delegation led by the regional hokim visited South Korea, China, Turkey, Belgium, the Netherlands and held talks with heads of foreign companies. In the framework of the forum "Bukhoro-agro", held on an international scale, contracts were concluded for the construction of modern greenhouses and the organization of various industries that have their own logistics centers. This year, the result of the international cooperation will be the greenhouse construction project, which will be implemented in stages in the Bukhara region by the Turkish company Varnet.

The foreign company BCT Claster will launch a textile complex in the city of Bukhara at the expense of direct investments this year, the total design and estimated cost of which is 52.6 million US dollars. The enterprise will annually produce 8 thousand tons of yarn, on the basis of this raw material, 9 million meters of fabric and sew 500 thousand pieces of ready-made denim clothing, partly fr om it. The importance of this project is that 1000 people will be provided with permanent work here.

In the organization of modern and high-quality medical service, a special place is occupied by cooperation with foreign companies. The South Korean company "Korea Medikal Fund Sangwon Clinik Humchan" in this area in the city of Bukhara contributes 5 million US dollars of direct investment. At the expense of these funds, orthopedic, neurosurgical, rehabilitation and physiotherapy centers will be organized in the empty building of the banking college. Currently, the foreign partner is working on the reconstruction of the building.

A number of additional projects will be implemented in the region through foreign investment. One of them is an enterprise for the production of building materials, organized with the participation of investments of the Chinese company "Xinjiang Runtian Wangluo Keji Youxian Gonsi". This enterprise, the total cost of which is 68.8 billion soums, will annually supply 150 thousand tons of gypsum mix, 10 million square meters of gypsum cardboard and 80 thousand tons of dry gypsum mix to consumers.

In order to further develop tourism in Bukhara, strengthening the infrastructure of the sphere has become one of the priorities. Foreign investments are also widely used here. The Chinese company "Beston Machinary" Co L.T.D., the British company "Wide Tent system" for the reconstruction of the hotels "Zarafshon" and "Buhoro Palace" will make respectively investments in the amount of 3 and 3.4 million US dollars and will complete the works on their reconstruction. The restoration of these large objects that have not worked for a long time, equipping them with all the comforts will serve to expand the flow of tourists to Bukhara.

At the recent video-selector meeting on the issues of accelerating the implementation of investment projects, the head of state noted that the only requirement for investors is the availability of infrastructure in the places wh ere investment projects will be implemented. Proper placement of investment projects is important from this point of view. This will serve the systemic development of the industry, which is an important factor for attracting foreign investment, creating new jobs and generating greater profits.

When allocating land to investors in the free economic zone "Bukhoro Agro", factors such as the presence of a highway, the proximity of the railway, the provision of gas, electricity and water were taken into account.

“Time requires not only to achieve victories, it forces to be constantly in search, to work initiatively,” says the head of the Main Directorate for Investments of the Bukhara region, Hayot Davlatov. “And therefore, the regional khokimiyat is in constant negotiations with Chinese companies for the processing of reeds, the organization of greenhouses, and investors from the Czech Republic, Germany, Spain and other countries on the organization of industries for the production of glass products, the construction of hotels and the development of tourism. At the same time, there is close cooperation with the embassies of our country in China, Israel, Indonesia and a number of eastern countries, which are reserved for the Bukhara region, to increase the flow of tourists, to implement production projects.

Source: UzA

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