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Uzbekistan creating logistics center in Russia

12 June 2018 17:48 (UTC+04:00)
Uzbekistan creating logistics center in Russia

By Kamila Aliyeva

Uzbekistan will create a logistics center in Russia. This follows from the resolution “On measures to further develop the activities of Investstroy OJSC” issued by the government of Uzbekistan.

According to the document, the authorities of Bukhara region and Uzbekkozikavkatholding are creating logistics center on the basis of production areas of Investstroy OJSC in Vladimir.

The project is being implemented to increase the export of goods produced in Uzbekistan, including fruits and vegetables.

The government transferred 60 percent of the share of Uzbekistan in the authorized capital of Investstroy OJSC to the khokimiyat of the Bukhara region (with the exception of the right to dispose).

The cabinet of ministers allowed the khokimiyat of the Bukhara region to finance the project to create a logistics center of Investstroy OJSC, including the reconstruction and construction of new buildings, structures and storage facilities, as well as the acquisition of necessary equipment and technologies, special vehicles at the expense of revenues from overfulfilment of the local budget with the subsequent sending of funds in accordance with the established procedure to increase the share of Uzbekistan in the authorized capital of the company.

In January- May 2018, the volume of Uzbek exports of food products rose by 60.9 percent due to an increase in the export of fruit and vegetable products by 73.8 percent. The volume of exports of fruit and vegetable products amounted to $ 305.4 million. In the export of fruit and vegetables, the main partners are Kazakhstan (47.4 percent), Russia (13.4 percent), Afghanistan (7.7 percent), Kyrgyzstan (7.3 percent), China (4.7 percent), Vietnam (4.4 percent), Turkey (3 percent), Pakistan (2 percent) and Iran (1.3 percent).

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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva

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