Uzbekistan and Turkey Discuss Creation of Joint Cable Production Facilities

Uzbekistan held negotiations with the Chinese company Guangdong RIPO Industry Co., Ltd. regarding the prospects of establishing optical fiber production and localizing equipment for the cable industry.

Tashkent, Uzbekistan (UzDaily.uz)

These discussions were led by M. Yunusov, Chairman of the Board of the Uzeltеchsanoat Association, together with the company's head and local partners. The parties examined the possibility of creating a service center for maintaining equipment used in cable manufacturing, which could be located in the Eltech industrial technopark in Akhangeran.

Furthermore, the participants studied opportunities for localizing related services and equipment, as well as organizing the optical fiber production itself on the territory of Uzbekistan.

Guangdong RIPO Industry Co., Ltd. specializes in supplying technological equipment and comprehensive production lines for manufacturing copper and aluminum wires, as well as telecommunication and electrical cables. According to the company, its industry experience exceeds two decades.

The statement did not specify any concrete agreements, investment volumes, or timelines for the potential projects.

Representatives from Uzbekistan and Pakistan held talks regarding potential cooperation in joint investment projects. The discussed areas include the digital economy, sugar production, and the cement industry.

The discussions took place during a meeting between the Ambassador of Uzbekistan, Alisher Tukhtayev, and the head of the Dewan Yousuf group. This meeting is part of efforts to expand trade and economic interaction between the two states, as reported by the Dunyo news agency.

One of the central issues was cooperation in the field of the digital economy and crypto infrastructure. Dewan Yousuf noted Uzbekistan's significant potential regarding blockchain technologies and crypto assets, expressing interest in implementing joint initiatives.

The Pakistani businessman proposed exploring opportunities to attract international digital asset funds, create modern digital platforms, and implement energy-efficient technologies for cryptocurrency mining.

The parties also considered prospects for partnership in the sugar industry. A Pakistani company is considering importing raw materials, including from Brazil, processing them in Uzbekistan, and selling the finished products on the domestic market.

In this regard, the possibility of launching a joint venture using the production facilities of the Angren Sugar Factory was discussed. Furthermore, the negotiations covered cooperation in the cement sector, as well as the development of logistics and trade links between the countries.

Following the meetings, an agreement was reached that the Dewan Yousuf group would prepare detailed investment proposals. Online consultations with relevant ministries and agencies of Uzbekistan are planned to further develop these initiatives. The parties also intend to organize a visit by a Pakistani business delegation to Uzbekistan to assess promising projects and implementation opportunities.

Yousuf Dewan Companies was founded in 1916 and is one of Pakistan's largest industrial and business groups. Its interests cover automotive manufacturing, cement and sugar production, textiles, synthetic fiber production, and foreign trade. Companies within this group employ over 4000 people.

Uzbekistan and Turkey held discussions on the prospects of deepening cooperation in the fields of Islamic finance, fintech, and digital financial services.

The discussion took place during the Samarkand Islamic Finance Forum 2026. Participants included Sanjar Nosirov, Deputy Chairman of the Central Bank of Uzbekistan, and Dr. Tarik Akin, Head of the Finance Department at the Investment and Finance Directorate under the President of Turkey, according to a statement from the Central Bank's press service.

During the meeting, the Turkish side shared its experience in creating a regulatory framework for participation in financing. Additionally, Akin presented examples of using savings-based financing models for purchasing housing and automobiles.

The parties also focused on the development of financial technologies and digital services. The possibility of establishing bilateral working groups on Islamic finance and fintech was outlined, and approaches to regulating 'buy now, pay later' (BNPL) services were discussed.

Participants reviewed the potential for developing crowdfunding models and exchanging experience in this area. At the conclusion of the negotiations, both sides emphasized the importance of continuous expert involvement and discussed possible formats for regular dialogue.