An Iranian businessman, Hosseini Ali, has announced plans to invest US$42 million in the construction of a logistics center in the Uzbek city of Kuvasay, located on the border with Kyrgyzstan, according to the regional government of the Fergana region.
The project was discussed during a meeting with the governor of the Fergana region, Khairullo Bozorov. The future complex, to be built on a 5-hectare site, will focus on the processing and export of fruit and vegetable products. The facility is expected to strengthen Uzbekistan's role as a regional hub for agricultural trade.
In addition to the logistics center, the investor intends to establish a Uzbek-Iranian trading house in Fergana. The aim is to expand bilateral trade and open new export opportunities for local producers.
Source: MenaFN