2 weeks Ago By [email protected] (MENAFN)
( MENAFN - Trend News Agency) TASHKENT, Uzbekistan, October 27. ChinaConstruction Fifth Engineering Division Corp and BSM Group Limitedwill establish "Two regions - One Park" special industrial zone inUzbekistan's Chirchik, the administration of the Tashkent regiontold Trend . Construction work on this project is set to begin in the firstquarter of 2025.
Around 20 new enterprises are expected to bebuilt, producing electrical engineering products, textiles,construction materials, specialized machinery, andpharmaceuticals. The first phases of the project will begin production in 2026.Over $200 million in foreign direct investment is expected to beattracted during the first and second phases.
As a result, morethan 1,000 new jobs will be created. Currently, work is underway to develop the design and estimatedocumentation for the technopark's organization. Meanwhile, China Triumph International Engineering and ChinaXiaou Group are planning to create a technopark in Uzbekistan'sFergana region.
The companies intend to produce cars under a new brand fromlocalized components in the region. At the first stage, the sides plan to set up assembly, painting,and adjustment using parts imported from China. After the launch,the plant will be able to produce up to 60,000 cars and specialvehicles with gas, electric, and hybrid engines annually.
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