Chinese investors to fund $110M high-tech projects in Almalyk 

The announcement follows a delegation visit to Hangzhou, led by Almalyk city mayor Kobil Khamdamov. During the trip, discussions were held with Chinese companies to establish production facilities for LED lamps, primary processing of materials for semiconductors, and other advanced technologies.

Under a memorandum of understanding signed during the visit, the planned projects will focus on manufacturing innovative products. The investment will be directed toward developing LED lamp production and processing raw materials for chips and microcircuits. The establishment of these facilities is expected to significantly contribute to the local economy by creating hundreds of jobs and advancing Uzbekistan’s technological infrastructure.

The delegation also met with Wang Licheng, Chairman of the Board of Holley Group, to accelerate the implementation of joint projects. Holley Group, a prominent Chinese company, had previously announced plans to establish a technopark in Tashkent region specializing in electrical engineering. This includes the production of transformers and semiconductor products within the Angren Special Economic Zone.

A roadmap for the projects is expected to be finalized in early 2025, with weekly discussions planned to ensure steady progress.