Chinese investors are planning to implement 5 high-tech product manufacturing projects in Almalyk, as reported by the Tashkent region's hokimiat.
A delegation led by the city's hokim, Kobil Hamdamov, conducted negotiations with several companies during their visit to Hangzhou. Plans were discussed regarding the production of LED lamps, initial processing of materials for chips, microcircuits,
The total cost of the joint investment projects included in the signed memorandum is estimated at $110 million. The launch of new manufacturing complexes will create over 500 jobs.
The guests also met with the chairman of the board of directors of Holley Group, Wang Lichen, to discuss accelerating work on joint projects. A roadmap is planned to be prepared by early 2025, along with organizing weekly negotiations for the contractors.
In May, it was reported that Holley Group plans to create a technopark in the Tashkent region specializing in electrical engineering. Previously, the company announced plans to establish transformer and semiconductor production in the Angren SEZ.
Earlier, Spot reported that the Chinese company Shandong Weida Construction Machinery would invest $25 million in the production of building materials in Fergana.