A Chinese company will make a direct investment of $15 million to build a suspension road in Kitab.

According to the report of the correspondent of “Dunyo” news agency, members of the delegation headed by the khokim of Kashkadarya region Murotjon Azimov, who is in China on a business visit, met with the leadership of the Chinese company CAMC Engineering.

According to the information service of the regional administration, issues of further acceleration of investment projects implemented in Kashkadarya region and implementation of new projects were discussed in cooperation with CAMC Engineering.

The parties agreed to create a tourist and recreational zone “Gainar” in the Kitab district of the Kashkadarya region, which will serve 200,000 foreign tourists a year, including the development of a master plan for the territory of the international level.

An agreement was signed to build a state-of-the-art cableway in the area based on direct investment of $15 million. An exchange of views also took place on the joint development of a special economic zone near the Karshi International Airport.

The Chinese side stated that it is ready to cooperate on the comprehensive development of this area with the involvement of Chinese companies.

Murotjon Azimov noted that as a result of the policy pursued by the head of state to develop the business environment and comprehensively stimulate investment activities, huge opportunities have been created for the company’s activities in Uzbekistan, including in the region.

The management of the Chinese company CAMC Engineering noted the convenience of the business environment in Uzbekistan, including in the Kashkadarya region, and further plans are aimed at attracting more companies to the region.

As a result of the meeting between the Akimat of Kashkadarya region and CAMC Engineering, cooperation agreements were signed in the amount of 16 million US dollars.