The largest International Industrial
Cooperation Center ‘Central Asia’ is set to be built on the border of
Kazakhstan and Uzbekistan. The center is expected to facilitate the movement of
goods, services, and citizens between the two countries, as well as accelerate
customs clearance processes. Today, the Senate, the Upper House of the Kazakh
Parliament, ratified the intergovernmental agreement on the center’s establishment.
The complex will promote economic and investment cooperation, facilitate the
distribution and processing of the region’s largest freight flows, and
contribute to the development of industrial cooperation within the North-South
corridor. Kazakhstan and Uzbekistan aim to increase the mutual trade volume to
$10 billion, including through the construction of this facility. Investors
from both countries are already showing interest in working on its territory.
«Five companies have already expressed
interest in investing, including a fruit and vegetable production plant worth
$35 million, a tomato paste factory, a food production plant, a vegetable,
fruit, and berry processing plant worth $15 million, and a logistics complex worth
$20 million. The fifth project is Global Textile, an Uzbek company that also
seeks to establish operations in the center. They have already signed a
corresponding memorandum of intent with the investor,» noted Kazakh Vice
Minister of Trade and Integration Kairat Torebayev.
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