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Economy 02/11/2009 Uzbekyengilsanoat signs agreements on attraction of investments to Navoi FIEZ
Uzbekyengilsanoat signs agreements on attraction of investments to Navoi FIEZ
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekyengilsanoat [Uzbekistan Light Industry] state joint-stock company signed several agreements with foreign partners within the international conference on attraction of investments to Navoi free industrial-economic zone, which took place in Tashkent on 21-22 October.

Uzbekyengilsanoat signed agreement with Korea’s Shindong Enercom Inc. on expansion of production of cotton yarn at the base joint enterprises Shindong Spinning Termez in Termez, Surkhandarya region. The Korean side will attract US$2 million to the enterprise.

Wayrex LLP confirmed its readiness to invest additional US$1 million to its two enterprises to develop the enterprise further and create over 100 new jobs. The company founded TashBrunnentex and Bursel Tashkent Textile in Uzbekistan.

Pakistan’s LIBAS TEXTILE undertook obligation to develop opportunity on realization of investment project in Uzbekistan on production of acryl yarn and ready products with use of local raw materials.

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