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Uzbekistan And Egyptian Investor Plan To Construct Tourist Complex In Samarkand

BusinessUzbekistan And Egyptian Investor Plan To Construct Tourist Complex In Samarkand


(MENAFN– Trend News Agency) TASHKENT, Uzbekistan, March 11. Uzbekistan and
the founder of the Uzbek-Egyptian Arab Nihol Investors joint
venture, businessman Ahmed Zeidan, discussed the project of the
construction of a tourist complex, Trend reports.

A tourist complex worth $100 million is planned to be
constructed on 42 hectares of land in the foothills of Urgut
district in Uzbekistan’s Samarkand region. The Egyptian investor
expressed high interest in participating in this project.

During the first stage of the project, it is planned to
construct a ropeway worth $18 million; the second stage is the
construction of a modern hotel for 100 beds worth $32 million; and
the third stage is the construction of a sanatorium for 100 beds
worth $50 million. Another 1,000 hectares of land will be required
for the full realization of the project. Investors from abroad,
including Egypt and Oman, will be attracted to the project. The
project will create 500 new permanent jobs.

The sides discussed matters related to the project and
additional proposals from the foreign investor.

As a result of the meeting, an agreement was reached to organize
regular communication between the investor and official
organizations and departments of Uzbekistan.

Meanwhile, another Egyptian Arma company is interested in
establishing cooperation with Uzbekistan’s companies and
producers.

the company noted that it pays special attention to increasing
exports of its products abroad, entering new markets and expanding
the number of foreign partners. At the same time, the company is
interested in the markets of Central Asian countries, primarily
Uzbekistan.

An agreement was signed to establish links with Uzbekistani
firms.

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