Uzbekistan: South Korea-based Hwachon Plant Construction Company has shared plans for an integrated cement plant in Karauzyak, Karakalpakstan Autonomous Republic. Uzbekistan Daily News has reported the value of investment in the project as US$380m. Hwachon Plant Construction Company chair Sin Cheol Sik met with Uzbekistan Council of Ministers deputy chair Bakhitzhan Habibullayev via videoconference to discuss funding for the project, which will commence at the earliest possible date.
Sik said that he was hopeful of, “a speedy resolution to the coronavirus pandemic and resumption of regular flights between Uzbekistan and South Korea, whereupon Hwachon Plant Construction Company will start work. Both parties agreed that until that time planning will continue via videoconference.”
