(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, January 24. Uzbekistan
discussed joint projects with China International Property
Investment Corporation, Trend reports.
The discussion was held during a meeting between president of
Uzbekistan Shavkat Mirziyoyev with the head of China's CITIC
Corporation Xi Guohua.
The meeting focused on expanding the portfolio of joint
projects, primarily in the field of road transport and engineering
infrastructure, as well as modernization of irrigation systems in
Uzbekistan.
China International Property Investment Corporation is a leading
company providing financial services and implementing large
industrial and infrastructure projects. CITIC's assets amount to
about $1.5 trillion.
Meanwhile, China National Petroleum Corporation and Uzbekistan
discussed the implementation of projects on construction of
underground gas storage facilities and modernization of gas
transportation systems, introduction of modern drilling
technologies and training of specialists in the oil and gas
industry in Uzbekistan.
In addition, volume of trade turnover between Uzbekistan and
China totaled $12.2 billion from January through November 2023,
exceeding the same figure in the previous year by 34 percent.
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