Accra:Kashkadarya A meeting with foreign investors was held during the working visit of Shavkat Mirziyoyev, President of the Republic of Uzbekistan, to the Kashkadarya region. The discussions focused on the region’s industrial and agricultural potential, attracting new investments, and introducing modern technologies.
According to Azeri-Press news agency, Zakir Ibrahimov, Chairman of the Board of AzerGold CJSC, provided information on AzerGold’s first foreign subsidiary in Uzbekistan and the development prospects of the Akba gold deposit. An investment of $7.8 million is proposed for initial exploratory work, with further stages requiring at least $100 million. The project is expected to create up to 200 new jobs, with a final investment decision slated for 2028.
The President of Uzbekistan highlighted the significant domestic investment of 20 trillion soums over the past five years in the region. Out of 161 investment projects worth over $6 billion, 69 have been commissioned, and construction is underway for the remaining 92 projects. The year 2027 has been designated for the region’s development using modern industry and agricultural technologies.
The meeting also emphasized strengthening the Azerbaijan-Uzbekistan strategic partnership, particularly in the mining sector. A cooperation document was signed between AzerGold CJSC, Uzbekgeologorazvedka JSC, and the Azerbaijan-Uzbekistan Investment Company on joint geological exploration, with efforts underway to establish a joint venture for exploration between Navoi and Nurata.