Representatives of the Qatari company Al Mirqab Capital are set to visit Uzbekistan in the second half of February to commence work on projects in the energy sector. This was revealed during a meeting between the Deputy Minister of Energy of Uzbekistan, Umid Mamadaminov, and the management of the company on January 20.
Planned Investments in Uzbekistan
During the meeting with Deputy Minister Mamadaminov, the construction of power plants in the Samarkand region and the Republic of Karakalpakstan was discussed in detail. These projects will be financed through direct investments from Al Mirqab Capital.
The Samarkand region has already seen the commissioning of a 100 MW solar photovoltaic plant. Moreover, project agreements for the construction of 8 solar photovoltaic power plants with a total capacity of 1,900 MW in various regions, and wind power plants with a total capacity of 1,700 MW in the Republic of Karakalpakstan, were signed in 2022.
Al Mirqab Capital: A Brief Overview
Founded in 1993, Al Mirqab Capital owns 20 large hotel complexes, including renowned brands such as Four Seasons, The Ritz Carlton, and InterContinental, located in the USA, Europe, and the Middle East. The company’s substantial assets are valued at $8bn, underscoring its prominence in the global hospitality sector. In collaboration with the Chinese company Power China, Al Mirqab Capital has also built a 1.3 GW thermal power plant in Pakistan.
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