(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, June 2. A total of 80projects valued at $14 billion have been formed in Uzbekistan'sBukhara region, in which foreign investors and local entrepreneursare investing, Trend reports.
According to the Uzbek president's office, companies from China,Russia, Türkiye, Germany, Saudi Arabia, India, Malaysia, SouthKorea, and other countries are investing in these projects.
The projects are implemented in such industries as constructionmaterials, electrical engineering, chemistry, textiles, food,pharmaceuticals, medicine, mining, fish farming, and others.
Within the framework of the projects, it is planned to build a600 MW wind power plant in Uzbekistan's Gijduvan district incooperation with China, develop graphite deposits and organize theproduction of batteries for electric scooters in Peshkun districtwith the participation of Malaysian investors, as well as create achemical cluster in Bukhara district with Iranian investors.
These 80 projects will provide employment for more than 22,200people.
Meanwhile, the Asian Development Bank (ADB) and Masdar havesigned an agreement for a $46.5 million loan to construct the NurBukhara solar power plant with a battery energy storage system inUzbekistan's Bukhara region.
According to the ADB, the financing package includes $26.5million from the ADB's ordinary capital resources and $20 millionfrom Leading Asia's Private Infrastructure Fund, managed by theADB.
Additionally, ADB mobilized $26.5 million from the JapanInternational Cooperation Agency. Parallel lenders include theInternational Finance Corporation, the Canada-IFC Blended ClimateFinance Program, and the Dutch Entrepreneurial DevelopmentBank.
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