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Meeting with representatives of Sinowise (Beijing) Technology Co Ltd China

On May 14 of this year, a meeting was held between representatives of the Investment Promotion Agency under the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan and “Sinowise (Beijing) Technology Co” Ltd.

“Sinowise (Beijing) Technology Co” Ltd was founded in 2009 and is engaged in investing in projects in the production of energy-saving technologies and materials. The company analyzed the investment climate in the countries of Central Asia and, based on preliminary data, decided to consider implementing a project in Uzbekistan for the production of multi-layer plywood products for the needs of the construction and furniture sectors. The volume of estimated investments is about 2 million US dollars. Currently, the investor is searching for a project location with a ready-made production building.

During the meeting, the Agency presented information on the investment climate of the Republic of Uzbekistan and the provision of services to foreign investors on the “single window” principle.

To consider the placement of the proposed project, information was also provided on the free areas of special economic zones and the Agency organized a visit by the Company to the Chirchik Technopark and a number of free economic zones in the Tashkent, Sirdarya and Jizzakh regions.