Chinese Investors Propose $500 Mln Fund for Joint Projects in Uzbekistan
Chinese companies have put forward a proposal to establish a $500 mln investment fund aimed at supporting joint ventures in Uzbekistan.
The initiative was discussed during a meeting between members of the Chinese Entrepreneurs Association and Uzbekistan’s First Deputy Minister of Mining and Geology, Otabekjon Nasritdinkhodjaev.
The proposed fund is part of a broader cooperation framework that includes joint research initiatives, the creation of expert working groups and the alignment of environmental standards between the two countries. Partners from China also outlined plans to develop specialist training programmes and expand green financing options, all of which received backing from the Uzbek side.
In addition to this new proposal, both parties emphasised the importance of sustainable collaboration in sectors vital to Uzbekistan’s development.
Recent data shows that over the past three years, the majority of Chinese investment in Uzbekistan has been concentrated in three key sectors: industry accounted for 62%, energy for 11% and agriculture for 4%.
Kursiv also reports that Chinese investors Li Sangzai and Zhou Chunwen will invest $20 mln in the construction of a plant to produce rebar, wire rod, and metal angles in Uzbekistan’s Fergana region.
