TASHKENT, Uzbekistan, September 26. The Chinese Dongfeng Special Car Company intends to implement a project for the production of electric buses worth $100 million in Uzbekistan’s Fergana region, Trend reports.

The news followed a recent working visit by the Uzbek delegation headed by Khairulla Bozorov to China, where meetings were held with the representatives of 29 Chinese companies. As a result of the meetings, the parties signed 32 documents, including 29 investment agreements and trade agreements worth $1.37 billion.

As per the agreement with the Chinese Dongfeng Special Car Company, the company will implement a project for the production of electric buses in Furkat district of Fergana region. The annual production capacity is estimated to amount to 1,000 units.

Earlier this month, Uzbekistan and China signed a memorandum on the implementation of priority grant projects in Uzbekistan. The signed document provides for the implementation of 14 projects totaling over $190 million in sectors such as agriculture and water management, healthcare, education, and institutional development.

Source: Trend News

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ASTANA – Iranian investors and manufacturers are ready to invest in the production of medicines, the construction of a dairy plant, and the processing of agricultural products, said Alireza Peyman-Pak, Iran’s Deputy Agriculture Minister in charge of trade and market regulation, at a June 28 meeting with Deputy Prime Minister and Minister of Trade and Integration Serik Zhumangarin, reported the Prime Minister’s press service.

Zhumangarin welcomed the decision, saying he would submit all proposals to Kazakh businesses for consideration.

The parties also discussed a draft joint roadmap of projects to increase mutual trade up to $3 billion, encompassing almost all industries.

The main pool worth about $1 billion consists of projects in the agricultural sector, as the products of the Kazakh agro-industrial complex are in high demand in Iran.

Last year, trade turnover between Kazakhstan and Iran totaled $528 million, a 19.8% increase compared to the previous year. Kazakhstan exported mainly wheat, barley, sunflower oil, flax seeds, aluminum, and ferrous metals, while imported oil products, fresh vegetables, fruits, and building materials.

The meeting between Zhumangarin and Peyman-Pak followed the Kazakh-Iranian Business Forum held on June 27 in Astana, which brought together over 100 representatives of large and medium-sized businesses from Kazakhstan and Iran.

Entrepreneurs specializing in the supply of agricultural products, food, tourism services, and investments held bilateral B2B negotiations.

Source: Astana Times

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