China International Trust and Investment Corporation (CITIC GROUP), one of the largest state-owned investment corporations in China, plans to invest $50 million in the establishment of a large agrilogistic park in the Syrdarya region of Uzbekistan.
The uniqueness of the geographical location of this region of Uzbekistan is that it borders north with Kazakhstan, south with Tajikistan, and east with the capital region – the Tashkent region. Thus, this large logistics center will connect Uzbekistan with Kazakhstan, Tajikistan, China, and Afghanistan, the press service of the Ministry of Agriculture of Uzbekistan reports.
At the meeting of the Minister of Agriculture of Uzbekistan Aziz Voitov with a delegation from China headed by Yibo Wang, Deputy General Director of the Department of Agriculture of CITIC GROUP, the objects planned to be created on an area of 32 hectares were discussed, in particular:
- warehouses with a capacity of 50 000 tonnes, a turnover of 300 000 tonnes of agricultural products, including sorting, processing, storage, cooling, and packaging;
- offices and hotels (of at least 200 rooms);
- the customs post;
- car park;
- phytosanitary and veterinary inspection point;
- receiving point for containers and other facilities.
Cooperation between Uzbekistan and China in the creation of this facility involves the following model:
- external infrastructure is created by Uzbekistan;
- the creation of an agrilogistic center involves 100% investment by China with a payback period of 7 years.
The Uzbek party provides government support, including investor visas, free conversion, tax incentives, as well as legal guarantees based on current legislation.
We remind you that EastFruit recently wrote that Chinese specialists will help farmers in the Syrdarya region of Uzbekistan to introduce modern technologies. The head of the regional administration will have two assistants invited from China to advise him on the introduction of science and innovation in agriculture. In addition, Chinese investors will be attracted to the modernization of the region’s irrigation and reclamation systems. It is planned that Chinese universities will open their branches in the Syrdarya region and train personnel for agriculture and water management, and conduct scientific research in the field of land development, desertification, irrigation, and ecology.
Source : East Fruit
