Kazakhstan and Uzbekistan have updated the pool of joint investment projects

Kazakhstan and Uzbekistan updated the Roadmap for the implementation of investment agreements and trade contracts signed during the visit of the President of Kazakhstan K. Tokayev to Uzbekistan in December 2022. 

During the second meeting of the working group on monitoring the implementation of cooperative projects and carrying out systematic work on import substitution, held on March 2 this year in Shymkent, Deputy Prime Ministers of the two countries Serik Zhumangarin and Jamshid Khodjayev agreed on an updated document.

The updated Roadmap assumes the creation of a cluster for the deep processing of Kazakh grain up to 1 million tons and the implementation of a project for the refining of vegetable oil on the territory of the ICPC "Central Asia" being created.

In addition, the investment pool was replenished with three projects designed to revive and give impetus to the development of the textile industry in the territory of Shymkent and Turkestan region. We are talking about the launch of idle textile factories in Shymkent with a capacity of 18,000 tons of cotton fiber per year, the creation of a textile complex with a capacity of 5,500 tons of cotton fiber per year and a joint venture to organize a textile cluster in the Turkestan region with a phased launch until 2026. 

The parties also agreed to comprehensively work out the issue of opening branches of the Tashkent Institute of Irrigation and Agricultural Mechanization Engineers on the basis of the Kazakh National Agrarian Research University and the M. Auezov South Kazakhstan University in Chirchik, Uzbekistan.