Second meeting of the working group on the creation of the International Center for Industrial Cooperation “Central Asia” (ICAC) was held

On February 15, 2024, at the customs post “Gulistan” of the Syrdarya region of the Republic of Uzbekistan, the second meeting of the working group on the creation of the International Center for Industrial Cooperation “Central Asia” (ICAC) was held under the chairmanship of the Vice Minister of Trade and Integration of the Republic of Kazakhstan Kairat Torebaev and the Deputy Minister of Investment, Industry and trade of the Republic of Uzbekistan Khurram Teshabayev with the participation of authorized government bodies.

The parties presented the initial contours of ICAC development, where the participants discussed issues related to infrastructural development and effective functioning of the Center. Attention was focused on planning of construction stages, selection of location for a special (junction) crossing between the centers and further development of transport and logistics potential.

Vice-Minister of Trade and Integration of the Republic of Kazakhstan K. Torebayev noted that the technical launch of the Center of industrial cooperation is scheduled for the 4th quarter of 2026, the official opening - in the first half of 2027. He also emphasized that the Ministry of Trade and Integration of the Republic of Kazakhstan will exercise direct control over all stages of the project until its full completion.

As a result of the meeting, a Roadmap for the implementation of the ICAC project was signed between the Akimats of Turkestan and Syrdarya regions, and a Memorandum of Cooperation was concluded between the managing company of the Kazakh part of the ICAC “TCL gr” LLP and the Uzbek enterprise “Global Textile”, which intends to implement the first investment project in the textile industry.