Turkish company Ronesans Holding will modernize Uzmetkombinat and Almalyk mining and metallurgical plant.
"An agreement was reached with Ronesans Holding on direct investments in the modernization and development of Uzmetkombinat in the amount of 630 million euros, Almalyk mining and metallurgical plant for 4.1 billion dollars, as well as on the implementation of new projects for the construction of hospitals and shopping centers in the amount of about 3 billion dollars, " the press service said.
President Shavkat Mirziyoyev approved these plans, instructed the responsible persons in to begin practical work as soon as possible and implement projects without bureaucratic obstacles.
Uzmetkombinat and Almalyk Mining and Metallurgical Combine are in trust management with the foreign company SFI Management Group.
Ronesans Holding is a Turkish holding company engaged in construction, real estate investment, energy and healthcare. It operates in Turkey, the CIS countries, Europe, the Middle East and North Africa. The headquarters of the company is located in Ankara.