During President Shavkat Mirziyoyev's visit to South Korea, plans were reviewed for implementing several major investment projects in Uzbekistan, including the production of new Kia models, the manufacturing of electric vehicles, the opening of a Shinhan Bank branch, and the development of the area around the new airport.
In Tashkent city on September 15, President Shavkat Mirziyoyev held discussions with leaders of numerous leading companies and financial institutions in the country. This was reported by the president's press service.
Issues regarding expanding production in the automotive cluster in Jizzakh and localizing components were discussed with executives from 'Hyundai Motor Group', 'Kia Motors', and 'Hyundai Rotem'. Specifically, the production of new Kia models in Uzbekistan, the launch of an assembly plant, and the prospects for assembling electric and hybrid vehicles were considered.
Furthermore, discussions covered securing additional high-speed trains with 'Hyundai Rotem', the opening of a service center by the company in Uzbekistan, and the localization of production for magnets for components and electric motors.
It was noted that an agreement was signed with 'Shinhan Financial Group' on allocating credit lines for commercial banks in Uzbekistan. The parties discussed the potential for establishing a 'Shinhan Bank' branch in Uzbekistan, developing 'green' loans, digital banking, and new financial products for small and medium-sized businesses.
With the corporation KIND, the issue of developing a master plan for the development of the area around the new international airport in Tashkent was discussed. According to the plan, it is envisioned to integrate the airport, modern logistics hubs, and residential infrastructure into a single system.
The parties also noted the creation of a joint investment platform for projects in the field of transport and social infrastructure.
Projects for processing important minerals were discussed with the Bank of Korea Export-Import, as well as the creation of a Biocenter and the promotion of digital technology projects. A joint fund was launched to finance projects in the strategically important mineral sector.
An initiative was also put forward to study the possibility of creating a center for the production and testing of semiconductors and new materials. In cooperation with 'Lotte Group', a partnership was discussed in the fields of aluminum foil production, development, hotel management, and tourist centers. An agreement was reached to form a joint working group to monitor the implementation of these projects.
