At a bilateral meeting held on the margins of the business forum “Kazakhstan-Uzbekistan”, Deputy Prime Ministers of the two countries Serik Zhumangarin and Jamshid Khodjaev agreed on the joint implementation of 34 investment projects worth $4.4 billion and 7 trade contracts worth $2.6 billion. The agreements are enshrined in a list of relevant documents, primeminister.kz reports.
It is planned to implement investment projects in various sectors: energy, mining and geology, transport, chemical industry, construction, electrical engineering, mechanical engineering, pharmaceuticals and others. The largest number of projects is concentrated in agriculture.
The parties agreed on joint cultivation of agricultural products and deep processing of grain and rice in Kazakhstan, production of silk products in the Turkestan region, establishment of an enterprise to produce packaging materials and others. It was also decided to establish a joint venture to receive and process cattle hides in the Mangystau region.
The implementation of these projects will allow to effectively use the investment and trade potential of the two countries, which contributes to the achievement of the goal set by the heads of Kazakhstan and Uzbekistan to increase mutual trade turnover to $10 billion.