Bukhara Region Boosts Foreign Investments with New Economic Projects
Bukhara, The Gulf Observer: Efforts to attract foreign investments in Uzbekistan’s Bukhara region continue to advance, with a strong focus on economic cooperation with international partners, particularly from China.
A portfolio of 72 projects valued at $2.1 billion has been developed, involving 45 Chinese companies keen to capitalize on the region’s investment potential. The leaders of these companies are expected to visit Bukhara in the first half of the year to explore these opportunities further.
One notable initiative is the $20 million granite processing project in Peshku district, spearheaded by the Chinese Sitong Stone Company. To facilitate this, a group of investors from China has established Xin Sifang Stone, a limited liability company in the region.
In Karaulbazar district, Chinese company Jiangsu Zhufeng Electromechanical Technology Co., Ltd. has partnered with Buhoro Real Moto LLC to produce electric motorcycles. This $25 million project highlights the region’s growing focus on sustainable transportation solutions.
Over the past seven years, Bukhara has attracted approximately $4 billion in investments, leading to the creation of 90,000 jobs and securing export opportunities worth $1.8 billion.
This year alone, 607 projects with a combined value of $1.3 billion are underway, involving investors from China, Russia, Türkiye, Germany, Saudi Arabia, India, Malaysia, and South Korea. These investments aim to further diversify the region’s economy and enhance its global trade potential.
