Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Almaty, November 25 /Xinhua/ — Construction of the International Center for Industrial Cooperation (ICIC) "Central Asia" on the border of Kazakhstan and Uzbekistan is nearing completion, the Kazinform news agency reported on Tuesday.
According to Kazakhstan's Minister of Trade and Integration, Arman Shakkaliyev, the total investment in the center amounts to 185.1 billion tenge (approximately 356.1 million US dollars), and the project will create 1,150 jobs.
The center will house seven investment projects for the production of polyvinyl chloride products, drip irrigation systems, and the processing of cotton, rice, grain, and oilseeds. Construction of an industrial park is also planned.
The project's implementation, he said, will strengthen trade and economic relations between Kazakhstan and Uzbekistan and increase mutual trade to $10 billion over the next five years.
The agreement on regulating the activities of the International Centre for the Coordination of Transport and Communications (ICTC) “Central Asia” was signed in November 2023 in Tashkent. –0–
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