Iranian firm to allocate € 20 million for the construction of a new factory in Uzbekistan

Iran’s Zarin Taj Mahan Industry Group will allot 20 million euros to organize yarn production in Uzbekistan, “Tahlilnoma” program of “Uzbekistan 24” TV channel reports.

According to the data provided, the company plans to build a factory that is capable of producing 24 tons of yarn production per day in Kashkadarya region. It is planned to invest around 20 million euros in this project.

Implementation of the project involves the creation of around 500 new jobs for the local population.