Growth of commodity turnover of Uzbekistan with Kazakhstan made 63.3% following the results of 2007. This is the second index after Ukraine (69%), Kazinform reported.
In order to ensure the effective implementation of a seismic survey program in the Uzbekistan sector of the Aral Sea the members of the international consortium made a decision on mobilization of an extra seismic crew to the contract area.
The Uzbek-British JV TAGUS Textile, valued at US$9.74 million, was set up in the Andijan region. Ozbekyengilsanoat (Uzbek light industry) said that the joint ventures founder is the British TAGUS Management Services Ltd.
Cabinet of Ministers of Uzbekistan held a session on 18 April to sum up the results of the country’s socioeconomic development in the first quarter of 2008.
Fourth Central Asian International Exhibition Textile Equipment CAITME 2008 opened in Tashkent on 16 April.
Foreign investments in the economy of Uzbekistan are expected to comprise US$5.4 billion this year (up by 40% year-on-year), including US$1.5 billion of foreign direct investments.
Uzbekistan hopes to attract US$3.5 billion in investment from the UAE in sectors ranging from gas exploration to synthetic fuels production, according to a decree obtained by Reuters on Monday.
Three new investment promotion publications were launched during a meeting held in the International Business Center in Tashkent on 11 April 2008. They included the Investment Guide to Uzbekistan, the Catalogue of Investment Opportunities in Uzbekistan and the Cost of Doing Business in Uzbekistan.
UzbekNefteGaz National Holding Company plans to build a new propane/butane production plant on the resource base of the fields of Shurtan group in the south of Uzbekistan. The project’s total cost is about US$130 million.
Uzbekneftegaz, the national oil and gas holding company, and China National Petroleum Corporation (CNPC) have set up a joint venture, Asia Trans Gas LLC, to design, build and operate the Uzbekistan-China gas pipeline, which will export gas from Turkmenistan to China.