BAKU, Azerbaijan, October 21. Uzbekistan’s
Tashkent region is considering three investment projects worth a
combined $1.2 billion in biotechnology education, onion-based sugar
production and healthcare, as part of a broader $1.55 billion
grant-backed initiative involving the PVBLIC Foundation during a
meeting on October 21 in Tashkent.
This was reflected in the statement by the Tashkent regional
government.
Tashkent Region Governor Zoyir Mirzayev discussed the proposed
projects with a delegation from the PVBLIC Foundation led by Kihyun
Kuen, a professor of chemical technology and natural biomaterials
engineering.
The meeting focused on potential projects aimed at accelerating
Uzbekistan’s strategic transformation and opportunities to
implement them in the Tashkent region.
Five projects are planned across Uzbekistan, with the PVBLIC
Foundation allocating grant funding totaling $1.55 billion,
according to the statement. Three of the projects are expected to
be located in the Tashkent region.
Plans include investing $500 million in a major biotechnology
university and developing an onion-processing facility to produce
sugar, with a projected cost of $350 million. The initiatives are
intended to strengthen scientific and educational capacity and
expand the processing of agricultural products.
Additionally, the sides discussed a proposal to build a modern
medical center in Nurafshon, the regional administrative center.
The statement did not disclose the project’s estimated cost.
The proposed initiatives are expected to support education and
research, agricultural processing and healthcare services. The
meeting concluded with discussions on the projects’ implementation
prospects and next steps for cooperation.
