Uzbekistan’s large commercial banks implementing investment projects for $1.5 billion

Agrobank plans to implement 43 projects together with textile clusters with a total cost of $501 million. They will significantly increase the level of cotton fiber processing and increase the production of finished products.

The National Bank for Foreign Economic Affairs plans this year to launch six new projects in the production of polyvinyl chloride and aluminum frames in Karakalpakstan, Navoi and Namangan regions, develop a transport and logistics center in the capital and Tashkent region for servicing freight trains and trucks. Reportedly, $225 million will be spent on their implementation.

Uzsanoatqurilishbank intends to implement a project worth $110 million in the “Urgut” free economic zone, providing for the creation of facilities for the production of 600 thousand tons of steel products per year.

Ipoteka Bank is investing in a project to organize a modern logistics center with an area of 27.5 hectares in the Kuyichirchik district. The enterprise will be able to receive 120 thousand containers per year, simultaneously service 120 trucks and 25 wagons.