Women Entrepreneurs Sign 20 Agreements at Forum in Namangan

The Namangan Region of Uzbekistan has signed an investment agreement worth $105 million with the Italian company Gamma Meccanica.

According to the press service of the Namangan Region administration, this agreement was the result of negotiations between the regional delegation, led by Governor Shavkatjon Abdurazakov, and the company's management during a working trip to Italy.

During the visit, the delegation familiarized itself with Gamma Meccanica's production facilities and technologies. The company specializes in the creation of industrial equipment.

Gamma Meccanica was founded in 1977 and has its headquarters in Bibbiano, in the Emilia-Romagna region of Italy, where its main production sites are also located. The company produces production lines for mineral wool and XPS insulation panels used in building thermal insulation, as well as equipment for processing plastic waste.

During the meeting with the company's president, Andrea Burini, the parties discussed opportunities for developing industrial production in the Namangan Region, implementing energy-saving technologies, and implementing joint projects for plastic waste recycling.

Furthermore, the participants focused on the potential for investment cooperation and the possible application of the company's technologies in the region's industrial sector. After completing the negotiations, the parties signed an investment contract valued at $105 million. However, the official statement did not provide information on the project implementation timeline, production capacity, or distribution of investments.

A business forum and bilateral B2B negotiations took place in Minsk, attended by about 200 business representatives from the Fergana and Minsk regions. As a result of these meetings, nearly 20 cooperation agreements and memoranda were signed.

The event was titled 'Minsk and Fergana Regions: Strategy for Joint Growth.' It was organized by the Minsk branch of the Belarusian Chamber of Commerce and Industry together with the Minsk Regional Executive Committee. The Deputy Governor of the Fergana Region, Islom Madaminov, and Alexander Logvin, head of the Minsk Regional Executive Committee Administration, spoke at the forum. They emphasized the development of interaction between Uzbekistan and Belarus, as well as the expansion of practical ties between their regions.

Participants received presentations dedicated to the business environment of Belarus, the economic and industrial potential of the Fergana region, as well as the conditions and incentives for foreign investors. Entrepreneurs discussed opportunities for implementing joint projects in the free economic zones and small industrial zones of the Fergana region.

Potential areas of cooperation covered industrial partnership, automotive manufacturing, textile and light industry, as well as agriculture and food production. The forum also included direct negotiations between business representatives of both countries.

The signed agreements and memoranda are aimed at increasing exports from the Fergana region, attracting Belarusian technologies and investments, and developing mutual supplies.

The Namangan region in Uzbekistan signed an investment agreement with the Italian company Vinarija Marko and the local enterprise Siberian Wellness-Namangan. The project aims to create facilities for processing and packaging grapes and other fruits for subsequent export.

The signing of the agreement took place after negotiations during the visit of a delegation from the Namangan region to Italy. The delegation was headed by the region's governor Shavkatjon Abdurazzokov, and it also included representatives of relevant state bodies and business leaders.

This project involves establishing production facilities for processing and packaging grapes and other fruits intended for supply to international markets. The enterprise Siberian Wellness-Namangan was established in the Namangan region for the cultivation and processing of agricultural products.

According to the press service of the regional administration, the visit is aimed at expanding Namangan's network of international partners and attracting additional foreign capital to the region. Currently, the delegation's visit to Italy is ongoing. More detailed information about the project, including the estimated investment volume and implementation timelines, has not yet been disclosed.