Tashkent Discussed Investment Projects with Chinese Companies from Guangdong and Shenzhen
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Tashkent Discussed Investment Projects with Chinese Companies from Guangdong and Shenzhen

Authorities in Tashkent held discussions on expanding trade, economic, and investment cooperation opportunities with business representatives from the provinces of Guangdong and the city of Shenzhen in China.

The meeting was attended by a delegation led by Zhu Tong. Tashkent was represented by Eldor Kholmatov, the mayor's advisor on cooperation with China, as well as officials from city departments responsible for tourism, investment, industry, and trade.

One of the central issues was the development of tourist infrastructure and the HoReCa sector, which covers hotel and restaurant businesses. The parties discussed in detail the prospects of creating professional kitchens for hotels and restaurants, as well as implementing modern equipment with low carbon emissions and zero-waste technologies.

Furthermore, participants reviewed the possibility of using industrial refrigeration systems and bread production lines, as well as exchanging experience in the field of creating smart industrial parks. At the conclusion of the meeting, all parties stated their readiness to strengthen business ties between Tashkent and leading manufacturers from Guangdong and Shenzhen, implement joint investment projects, and support mutually beneficial initiatives.

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A meeting was held in Tashkent of the Interdepartmental Working Group of the Council for Foreign Investors under the President of Uzbekistan, dedicated to the establishment of the Tashkent International Financial Centre (TIFC).

Participants reviewed the center's potential in attracting foreign investments, developing financial products and services, and creating infrastructure to support investment projects.

Representatives from organizations such as the Asian Development Bank (ADB), JPMorgan, the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), BlackRock, law firms Sullivan & Cromwell and Dentons, as well as other structures, took part in the meeting.

Nodir Jurayev, a project coordinator from the Presidential Administration, presented a report on the progress of the TIFC creation. Potential obstacles for investors, priorities in developing financial and legal infrastructure, the need for professional training, and the involvement of international partners in shaping the center's ecosystem were discussed.

Gurtus Wett, Managing Director of Frankfurt Main Finance and Vice-Chairman of the World Alliance of International Financial Centres (WAIFC), outlined recommendations for launching the TIFC. It was noted that the Tashkent International Financial Centre has joined WAIFC, which unites global financial centers.

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The First Deputy Minister of Investment, Industry and Trade of Uzbekistan, Saidkaxor Kholkhojav, met with a delegation from the China Manufacturers Association (CMA) of Hong Kong on October 19. The delegation was headed by CMA President Winko Lo.

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Representatives of leading Hong Kong companies and financial institutions operating in the fields of industry, trade, finance, and advanced technologies participated in the negotiations. The delegation was thoroughly briefed on existing tax and customs benefits, as well as mechanisms of state support and conditions for foreign investors.

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Governor of Tashkent Region Discussed Investment Projects with Lasselsberger Group Management
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The Governor of Tashkent Region, Zoir Mirzaev, met with the CEO of Lasselsberger Group, Josef Lasselsberger, to discuss plans for investing in the production of building materials and establishing modern production facilities in the region.

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Lasselsberger Group is one of the leading European manufacturers of building materials. The company was founded in 1957 and currently has 62 branches in 26 countries.

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