24 October 2023

Chinese company plans to invest $50 million in Fergana

The Chinese company Jilin Zhong Tian intends to invest $50 million in a number of projects in the Fergana region, Spot reports citing the press service of the regional khokimiyat.

On October 23, the khokim of the Fergana region, Khairullo Bozorov, discussed with a representative of the Chinese development company Jilin Zhong Tian an investment project for the construction of a five-star hotel, a shopping and entertainment center and a residential complex in Fergana.

As a result of the negotiations, the parties agreed that within two weeks the developer would develop master plans for three construction projects.

In addition, another company from China, “Huizhenshi”, plans to build 12-story residential buildings according to Chinese standards, with retail outlets located on the lower floors. The amount of investment in the construction project will range from $50 to $90 million.