Entrepreneurs from Uzbekistan and China agree to push ahead with $25bn of projects

By bne IntelIiNews May 19, 2023

Entrepreneurs from Uzbekistan and China agreed to push ahead with $25bn worth of projects on the sidelines of a business forum in China.

Some 41 documents aimed at deepening cooperation between the two countries were signed on the eve of the China-Central Asia Summit  in Xian, China, on April 18.

Among other deals, agreements were reached on financing the construction of power lines and substations; creating a multimodal logistics centre; renewing and modernising Uzbekistan Railways locomotives; constructing an Uzbek-Chinese agro-industrial park; creating an Uzbek-Chinese biotechnological cluster; expanding the telecommunications infrastructure of Uzbektelecom; jointly producing Chinese brand EXEED cars; and producing electric vehicles (EVs) and hybrid cars jointly with China’s BYD Auto Industry.

On the same day, Uzbekistan’s President Shavkat Mirziyoyev and Chinese President Xi Jinping met and discussed matters including cooperation in the fight against poverty, the development of alternative energy sources and the production of EVs and hybrid cars.

The heads of state also emphasised the importance of making an early start on practical work required for the construction of the planned China-Kyrgyzstan-Uzbekistan (CKU) railway.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Expect construction start on China-Kyrgyzstan-Uzbekistan railway this year says Uzbek rail official

Construction of the China-Kyrgyzstan-Uzbekistan (CKU) railroad is expected to kick off this year as economic relationships between Beijing and Tashkent are becoming closer, an Uzbekistan ... more

China and Pakistan reportedly agree to bring Belt and Road Initiative to Afghanistan

China and Pakistan have reportedly agreed to extend the Belt and Road Initiative (BRI) into Afghanistan, potentially drawing in billions of dollars to fund infrastructure projects in the ... more

Chinese manufacturing hub Chongqing records booming vehicle exports to Central Asia

Major Chinese manufacturing hub Chongqing exported 4,119 vehicles to the five Central Asian nations of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan during January to April, marking ... more

Follow Us On

Most Read

  1. Ukraine’s population crashes to 29mn
    4 days ago
  2. Russia’s economy in danger of overheating as war shocks wear off
    4 days ago
  3. Tara Reade, who accused Biden of sexual assault, is enjoying the "freedom" of Moscow life
    4 days ago
  4. Nova Kakhovka dam destroyed, unleashing a tidal wave of flood waters into southern Ukraine
    4 days ago
  5. COMMENT: The diamond industry is in crisis and Botswana is going rogue!
    16 days ago
  1. Is Lukashenko dead?
    28 days ago
  2. COMMENT: The diamond industry is in crisis and Botswana is going rogue!
    16 days ago
  3. Belarus’ Lukashenko struck down by mystery illness in Moscow, rushed back to Belarus
    1 month ago
  4. BlackRock launches Ukraine Development Fund together with the Ukrainian government
    1 month ago
  5. Lukashenko collapses a second time, hospitalised in Moscow
    13 days ago

Reports

Dismiss