An investment fund worth 1 billion dollars will be established in Syrdarya

north_east

Uzbekistan-China biotechnology cluster will be established in Syrdarya

An Uzbekistan-China investment fund will be established to finance investment projects in Syrdarya.  It was announced today, 7 April, at the session of the Regional Council of People’s Deputies held in Syrdarya under the chairmanship of President Shavkat Mirziyoyev.

The fact is that the head of state put forward 5 new initiatives aimed at increasing the well-being of the residents of Syrdarya.  The Uzbekistan-China Investment Fund will be established within the framework of the second initiative together with China’s prestigious Silk Road Fund and other financial organizations.  1 billion dollars will be invested in the fund.

Also, within the framework of the second initiative, 11 districts and cities of the region will specialize in industry based on the Chinese model, innovative technology parks will be established in each of them.  Including:

 • innovative projects will be implemented in the electrical engineering, biopharmaceutical, chemical, building materials, silk and food industries;
 • the status of a free economic zone will be granted and a simplified system of “processing in the customs area” regime will be introduced;
 • production buildings are built on the basis of model projects and are given ready-made to entrepreneurs through “industrial mortgage”;
 • 200 billion soms will be allocated to the technology park infrastructure this year.