Plans have been developed in the Kashkadarya region of Uzbekistan to create an enterprise for the production of drywall and dry construction mixes, which involves investments amounting to 50 million US dollars.
Plans have been developed in the Kashkadarya region of Uzbekistan to create an enterprise for the production of drywall and dry construction mixes, which involves investments amounting to 50 million US dollars.
This project is being implemented as part of bilateral investment cooperation with Azerbaijan. This was reported by the Deputy Minister of Investments, Industry, and Trade of Uzbekistan, Hurram Teshabaev, in an interview with Report.az.
Teshabaev noted that this production facility is a clear example of the contribution to the overall investment portfolio between the two states, which is currently estimated at 10 billion US dollars.
According to the deputy minister, the joint portfolio already includes more than 20 operating projects worth about 6 billion US dollars, as well as over 25 promising initiatives that are at various stages of preparation and are valued at almost 1.5 billion dollars.
The construction materials production enterprise aligns with the general strategy of industrial interaction between both countries. This strategy aims to create high-tech production and expand regional supply chains.
The Kashkadarya region is considered one of the key industrially developed zones of Uzbekistan, possessing strong gas and chemical infrastructure. These regional advantages make it a very attractive location for establishing chemical and building material production.
Hurram Teshabaev emphasized that the current economic policy is focused on 'qualitatively enriching the trade structure through expanding industrial cooperation, creating joint production enterprises, and increasing the share of high value-added goods.'