China expands investments: $120 million waste processing plant to be built in Yangiyul  

A new waste processing plant worth $120 million is set to be constructed in the city of Yangiyul, Tashkent region, following a memorandum of cooperation signed between the regional administration and Beijing China Sciences Runyu Environmental Technology Co. Ltd. The Tashkent regional administration has officially announced this development.  

Once operational, the plant will have the capacity to process 800 tons of waste per day, generating electricity through incineration. Plans are in place to expand the facility, eventually increasing its capacity to 4,000 tons of waste per day. The full-scale project is expected to attract up to $400 million in investment and create over 150 jobs.  

Currently, a delegation led by Tashkent regional administrator Zoyir Mirzayev is in Beijing, where meetings are being held to enhance trade and investment cooperation. The Tashkent region already hosts over 700 joint ventures with Chinese capital, employing tens of thousands of Uzbek citizens.  

During his visit, Mirzayev also met with entrepreneurs from Shandong Province at the Embassy of Uzbekistan in China. Discussions focused on expanding cooperation in industry, construction, and consumer services. The parties also explored opportunities to modernize parks and recreational areas by incorporating renewable energy, drawing on Chinese expertise.  

Among the participants in these negotiations were Su Zhijun, Secretary General of the Shandong Provincial Scientific and Popular Research Association, Sun Haifeng, Director of Sky Success International Investment Co. and Sky Asia International Investment Limited, and Gao Junhai, General Director of Zhongru Ke Xinda Construction Group Co.  

Additionally, representatives from Uzbekistan traveled to Hefei, Anhui Province, on March 2 to visit production facilities and engage in further trade, economic, and investment discussions.  

Meanwhile, in a separate matter, reports surfaced on social media claiming that 31 mines in the Navoi region had been sold to Chinese investors. However, Uzbekistan's Ministry of Economy and Finance and the Center for Subsoil Use clarified that these subsoil plots were sold for 25.1 billion sums through the E-auction trading platform in February. The winning bidders were 12 LLCs legally registered in Uzbekistan, some fully owned by Uzbek citizens, while others had Uzbek majority ownership. The authorities emphasized that no LLCs fully owned by foreign nationals, including Chinese citizens, were among the winners.  

north_east

Sardor Umurzakov resumes official engagements with high-level meetings in China

Among the winning companies, Xinlong Mining Drilling LLC (70% Uzbek-owned) and Zhonghuitong Mining LLC (97.6% Uzbek-owned) were cited as examples, further dispelling concerns about foreign ownership of these resources.