Fergana Region Concludes Cooperation Agreement in Jewelry Industry with Saudi Companies
Read more
UzDaily
uzdaily.uz

Fergana Region Concludes Cooperation Agreement in Jewelry Industry with Saudi Companies

The Fergana Region has reached an agreement to develop a partnership with Saudi companies KUNZITE JEWELRY and CHARMANT in the field of jewelry production and processing. Following negotiations, the parties signed a memorandum of cooperation.

The meeting took place in Riyadh during the working trip of the Governor of the Fergana Region, Khayrullo Bozorov, to Saudi Arabia. The negotiations included Sultan bin Mohammed Al-Masari, CEO of KUNZITE JEWELRY, and Mishal Al-Debayan, head of CHARMANT.

Participants discussed issues of attracting foreign investment into the region's jewelry industry, creating modern production facilities, and implementing joint projects. Bozorov presented the potential of the Fergana Region in industry and investment, as well as conditions conducive to business development.

Special attention was paid to the possibilities of combining the traditions of national jewelry making with modern technologies and international experience. Potential areas of cooperation include the production of higher value-added goods, expansion of export markets, improving the qualifications of local specialists, and implementing advanced production practices.

The signed memorandum is intended to stimulate practical interaction and further development of joint initiatives in the jewelry industry of the Fergana Region.

Similar stories

Fergana Region (Uzbekistan) and Minsk Region (Belarus) Expand Interregional Cooperation in Economy and Trade
Read more
uzdaily.uz

Fergana Region (Uzbekistan) and Minsk Region (Belarus) Expand Interregional Cooperation in Economy and Trade

The Fergana region of Uzbekistan and the Minsk region of Belarus have reached an agreement to expand interregional interaction in the fields of trade, economic relations, investment, and production.

According to the press service of the Fergana Region Hokimiyat, several documents aimed at developing direct ties and launching new joint projects were signed after a meeting of regional leaders.

On September 24, the Hokim of the Fergana Region, Khayrullo Bozorov, received a delegation from the Minsk region led by Alexey Kushnarenko, Chairman of the Minsk Regional Executive Committee. The discussion covered prospects for economic and trade partnership, as well as industrial cooperation.

Bozorov noted that the visit of the President of Uzbekistan, Shavkat Mirziyoyev, to Belarus on July 8–9 at the invitation of Alexander Lukashenko gave a new impetus to relations between the two countries.

Participants discussed opportunities for direct cooperation between the regions, taking into account the complementary economic potential of the Fergana and Minsk regions. Representatives of both sides presented the capabilities of their territories in agriculture, industry, trade, tourism, and social spheres.

The Fergana region has potential in textile production, growing and processing fruits and vegetables, industrial production, and human resource provision. In turn, the Minsk region possesses experience in agricultural technologies, animal husbandry, mechanical engineering, and the production of modern equipment.

According to Alexey Kushnarenko, Uzbekistan is one of the important partners of the Minsk region. The parties noted that bilateral trade this year reached 150 million US dollars, which is 28% higher than last year's figure.

The Belarusian delegation included representatives of executive committees, specialists in education, healthcare, and agriculture, as well as heads of enterprises and organizations. The visit program included visits to various centers and enterprises, as well as discussions on investment projects.

After the meeting, the parties identified promising areas for cooperation, including light industry, mechanical engineering, agriculture, and tourism. Projects that have already moved to the stage of practical implementation were also reviewed.

The parties separately proposed that the Volozhin and Fergana districts develop a joint action plan within three months based on the previously concluded friendship treaty. This document provides for interaction and exchange in economic, cultural, and educational fields.

At the end of the negotiations, the Fergana and Minsk regions signed a memorandum on interregional cooperation. An agreement on friendly relations was also concluded between the Volozhin and Fergana districts. Furthermore, another memorandum was signed between the Minsk branch of the Belgorod Chamber of Commerce and Industry and the Fergana Regional Office of the Chamber of Commerce and Industry of Uzbekistan.

Popular