Uzbekistan to attract FDI to organize production of fiberglass and energy-saving systems

In accordance with the presidential Decree “On additional measures to organize the production of fiberglass, fiberglass products, composite materials, energy-efficient thermal devices and modern energy-saving systems”, Uzbekistan will attract FDI and modern nano-technologies to the organization of the production of fiberglass and energy-saving systems.

Currently, a joint venture Deutsche Kabel AG Taschkent, established in cooperation with Germany, is implementing a project for the production of fiberglass, energy-efficient thermal devices and modern energy-saving systems.

It will carry out projects attracting foreign direct investment in the amount of 21.4 million euros and modern nano-technologies.

For the effective implementation of these projects new LLC “Falk Porsche Fiberglass” has been established.

It is noted that LLC “Falk Porsche Fiberglass LLC” will be provided with a range of tax and customs benefits.