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NEWS

Chinese Companies interested in Uzbekistan's Jizzakh Special Industrial Zone

www.timesca.com
5 January 2015

Uzbekistan's investment opportunities for Chinese companies with particular emphasis on the Jizzakh special industrial zone (SIZ) were recently presented at the Chinese-Uzbek business forum in Nanjing, the administrative center of China's Jiangsu province, the Jahon information agency reported.  

Vice Governor of Jiangsu Province, Fu Tsziin, said at the forum that the presentation of the potential of Jizzakh SIZ in Nanjing will allow China business circles to become better acquainted with privileges and preferences the SIZ offers to foreign investors. In his words, the forum was a signal to further enhance long-term cooperation with Uzbekistan.

The Deputy Secretary General of the Government of Jiangsu, Fan Wei, visited Uzbekistan last September. "During a visit to SIZ Jizzakh the Chinese delegation was convinced of the presence in the territory of all the necessary conditions for successful business," he said. "The Uzbek leadership is paying special attention to the development of transport, industrial and engineering infrastructure of the special industrial zone. Construction and reconstruction of the road and rail infrastructure, upgrade of the water supply systems, irrigation and drainage, electricity and gas networks is being carried out."

The Vice President of China's Jinsheng company, Jin Hao, highlighted the political and macroeconomic stability in Uzbekistan, its advantageous geographical location in the center of the largest regional markets with developed transportation and logistics infrastructure, as well as the presence of three free economic zones in Angren, Navoi, and Jizzakh, as the main factors contributing to the consistent increase in foreign investments in the economy of Uzbekistan.

According to Jin Hao, the company Jinsheng is currently starting a production facility for processing cotton into finished textiles in Uzbekistan.