Egyptian Hassan Allam plans to develop infrastructure in Uzbekistan

The Egyptian company Hassan Allam Holding is interested in creating joint ventures in Uzbekistan, Spot reports with reference to the press service of MIIT.

The head of the ministry, Laziz Kudratov, held online negotiations with the executive director of the company, Mahmoud el-Essaui, the day before. At the meeting, the parties reached agreements on the start of the implementation of investment projects in a number of areas.

In particular, Hassan Allam expects to cooperate in the production of steel pipes and aerated concrete blocks, the processing of waste into energy, the construction and modernization of water management and heating facilities, etc.

Egyptian companies have recently shown increased activity in Uzbekistan. Thus, Orascom Construction announced plans to build a 200-hectare industrial zone in the Navoi region worth $50 million.

The Nile Sugar company intends to organize the cultivation of sugar beets in the Jizzakh region. The plantation and processing complex is expected to be deployed on 52,000 hectares.

In turn, Tashkent sees Egypt as a potential hub for organizing the delivery of its products to African countries. The other day, the head of the Chamber of Commerce and Industry, Davron Vakhabov, held negotiations on the opening of an Uzbek trading house in the city of Port Said.