Turkestan signs $78 mln in deals with Uzbek businesses
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At a business dialogue in Aktau, Turkestan region and Uzbek entrepreneurs signed five cooperation memorandums worth $78 million. The deals include a $47 million metal processing plant and a fish farming complex. A delegation from the region will attend the inaugural meeting of the Kazakhstan-Uzbekistan Regional Leaders' Council tomorrow.
The Agreements
Turkestan region and Uzbek businesses signed five cooperation memorandums worth $78 million during a business dialogue in Aktau on July 26. The largest project is a $47 million metal processing plant to produce profiled sheeting, steel pipes, sandwich panels, and light steel thin-walled structures. Other deals include a $2 million sunflower oil plant, a $5 million corn deep-processing export project, a $12 million meat export initiative, and a $12 million carp fish farming complex. The agreements aim to boost investment, launch new production, and create jobs.
Business Dialogue
The forum, titled 'Kazakhstan-Uzbekistan: Joint Projects and New Growth Opportunities', preceded the first meeting of the Council of Heads of Regions of Kazakhstan and Uzbekistan. Panel sessions covered trade and export cooperation, transport and logistics, water security, and environmental collaboration. Government, business, and international organization representatives attended. Uzbekistan is a key trade and economic partner for Turkestan region.
Upcoming Council
The inaugural Council of Heads of Regions of Kazakhstan and Uzbekistan will convene in Aktau on July 27. The Turkestan regional delegation is set to participate. The council seeks to deepen bilateral regional cooperation.
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