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    World

    Russian company to invest $80mn in Uzbekistan for drone production

    Russian company to invest $80mn in Uzbekistan for drone production

    Fly and See Agro, a Russian company, has unveiled ambitious plans to initiate drone production in Uzbekistan. The memorandum of understanding for this significant investment project was signed by Habib Abdullayev, the head of the Navoi free economic zone, and Vasily Ptitsyn, the General Director of Fly and See Agro.

    Photo: Fly and See Agro, a Russian company, has ambitious plans to initiate drone production in Uzbekistan.
    Source: Kommersant

    This venture will focus on the production of unmanned aerial systems with applications in agriculture. Over a five-year period, the project will attract investments amounting to $80mn. The project also encompasses the involvement of Russian specialists and the export of finished drone products to both the Russian market and third countries.

    Uzbekistan is envisioned as a strategic launchpad for Fly and See Agro to extend its reach into the Middle East markets.

    The utilization of drones in agriculture has become increasingly prevalent worldwide. These unmanned systems offer the agriculture sector a myriad of benefits, including enhanced crop monitoring, precision agriculture, and increased efficiency in farming operations. Uzbekistan, with its vast agricultural landscape, is poised to significantly benefit from this technological leap in the agriculture industry.

    Fly and See Agro's decision to invest in drone production within Uzbekistan is a testament to the country's attractiveness for business ventures and its strategic location for accessing international markets, particularly in the Middle East.

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    02.11.2023, 15:18   Comments (0)   1638
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