Tashkent, Uzbekistan (UzDaily.com) -- On 6 March 2024, the chairman of the Uzcharmsanoat association, Fakhriddin Boboev, held a meeting with the leaders of the Turkish company El Taban, representatives of the Uzbek San+One, as well as representatives of the Ministry of Economy and Finance of the Republic of Uzbekistan, the Intergovernmental Commission with Turkey and ATB Xalq Banki.

The parties discussed a new investment project in the leather and footwear industry, aimed at the production of new generation shoe soles.

El Taban Deri Sanayi Ticaret Lmt Şrt, based in Istanbul and founded in 2017, specializes in the production of shoe soles and has a wide range of products including PU, rubber, TPU, EVA and thermoplastic soles.

The meeting is a logical continuation of the business mission of the Uzcharmsanoat association and Uzbek leather and footwear enterprises to Turkey, organized in February 2024.

The parties have already begun the practical implementation of the agreements reached at the previous meeting. Currently, work is actively underway to obtain a land plot for the construction of a new plant, and issues of financing the project are also being considered.

Representatives of the government and a commercial bank carefully studied the investment project, its implementation stages, project cost and economic benefits for the country.

The cost of the project, according to preliminary estimates, is $2.1 million. Its implementation will create dozens of new jobs in the Tashkent region and reduce the cost of shoes. Products produced at the new plant are intended for the Uzbek market and export to Turkey and Europe.