International Investment Forum in Jizzakh: What attracted the participants most?

International Investment Forum was held in Jizzakh on August 29-30. The event, which demonstrated investment potential of the Jizzakh region, was organized by the State Investments Committee of the Republic of Uzbekistan, the Jizzakh regional administration, the Ministry of Foreign Affairs and the Chamber of Commerce and Industry of Uzbekistan, reports KUN.uz correspondent.

The Jizzakh Investment Forum was attended by about 300 participants from 28 countries, such as Belarus, Great Britain, Germany, Greece, UAE, Israel, India, Spain, Latvia, China, Kazakhstan, Russia, Turkey, Singapore, USA, South Korea and Japan. Ambassador Extraordinary and Plenipotentiary of Italy Andrea Bertozzi, Ambassador Extraordinary and Plenipotentiary of India Vinod Kumar, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China Jiang Yan, Ambassador Extraordinary and Plenipotentiary of Kuwait Khaled Abdulla al-Jayran, Ambassador Extraordinary and Plenipotentiary of Turkey Ahmet Bashar Şen were also among the attendees of the ceremony.

Besides, representative office leaders of international organizations such as World Bank Country Manager for Uzbekistan Hideki Mori, TIKA’s Tashkent Program Coordinator Ali Ihsan Çağlar, Head of the representative office of Commerzbank AG in Uzbekistan Bodo Tyons, and globally famous brands including Shell Global Solutions International BV, Wehrhahn GmbH, McDermott International, Husain Cermet Co, Jamil Azizi General Trading LLC, Geeta Pharma, Bay Tea Group, Indorama Corporation, Alliance Capital K/S, Elven Health Tourism Ltd, LG International Corporation and many other large foreign company representatives were active in the Forum.

"The purpose of the investment forum is to familiarize international business circles with the level of economic and social development in Jizzakh region and to create favorable conditions for business entities and investors," said Deputy Prime Minister Sukhrob Holmuradov.

To note, there are 2 free economic zones in Jizzakh currently. These are "Jizzakh" and recently established “Zaamin-Farm” free economic zones. Investment projects on manufacturing pharmaceutical products, medicines and medical equipment in the territory of "Zaamin-farm" free economic zone are being implemented.

Scores of businesses, such as manufacturing building materials, textiles, pharmaceuticals and others have been set off in the “Jizzakh” free economic zone. 16 foreign companies are currently producing their products in the economic area. “Auto Pad Systems”, “Juita Gulshana Invest”, “Smart vision” and others are among them.

It should be noted that Jizzakh is a geographically comfortable region. One of the unique features of this land is the presence of healing water resources, which contain iron, sulfur, hydrogen, radical, silicic acid, carbon dioxide, and alkaline thermo minerals. There are 40 large mines rich in natural resources.  Specifically, 1 gold, 2 silver and 3 non-ferrous metal deposits are currently being used for the improvement of national and regional economy.

As one of the developing regions, Jizzakh is expected to turn into the most important point in the investment projects. All the opportunities of the region were fully demonstrated within the 2-day forum. The seminars, as stated above, were attended by the State Investments Committee, the Jizzakh regional administration, the Ministry of Foreign Affairs, and the Chamber of Commerce and Industry.

Participants of the investment forum took part in cooperative dialogues organized in B2C and B2B formats. Within the framework of the event, investors were able to visit joint ventures and local companies with their foreign partners to get acquainted with their joint projects.