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.

#China #Uzbekistan #Investment #Automotive #Rail #RollingStock #Power #Electricity #Logistics #Biotech #Telecoms #EVs #Hybrids #Poverty #Railways

Read in IntelliNews Pro

Get IntelliNews Pro

Related Articles

Russia’s expulsions of migrants reportedly nearly double in 2024 to around 80,000

Russia in 2024 expelled more than 80,000 migrants for immigration rule violations, compared to 44,200 in 2023 and 26,600 in 2022, TASS reported on January 8. The Russian state news agency cited a ... more

Kazakhstan’s transit of Russian oil to Uzbekistan and China amounts to 10.2mn tonnes in 2024

Russia’s transit of oil through Kazakhstan’s pipeline system, operated by main pipeline operator KazTransOil, to China and Uzbekistan totalled 10.21mn tonnes in 2024, ... more

World Bank must wake up to Rogun mega dam “nightmare” in Tajikistan, say activists ahead of financing vote

The World Bank has to realise that the Rogun mega project “dream of the biggest dam [in the world] will turn into a nightmare for the people and nature in Tajikistan and beyond” and that it ... more

Dismiss

Chat with usLiveChat