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    Uzbekistan

    Chinese company invests $15mn in building materials workshop in Fergana

    Chinese company invests $15mn in building materials workshop in Fergana

    Mycars (Shandong) International Trading is injecting $15mn into a dynamic multi-industry project in the Fergana region. Discussions initiated by the regional khokim (mayor), Khairullo Bozorov, during his September visit to China have now paved the way for a preliminary agreement, marking a significant stride towards economic growth and job creation in Kuwaisai.

    Source: Press service of the khokimiyat (city administration) of Fergana region

    The project's first phase focuses on producing autoclaved gas blocks and basalt thermal insulation slabs, tailored for building facades. With a local subsidiary company established in Fergana, practical implementation is imminent. This underscores Mycars (Shandong) International Trading's commitment to local engagement and ensures alignment with regional needs and regulations.

    Economically impactful, the initial stage is set to create 300 jobs, addressing immediate construction industry demands and positioning the Fergana region as a player in the sustainable building materials market.

    The second phase introduces the assembly of lifting cranes and the production of veterinary drugs, strategically diversifying the project's industrial portfolio. This contributes to the region's economic resilience, creating jobs across manufacturing and pharmaceutical sectors.

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    01.12.2023, 00:36   Comments (0)   2423
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