Investing in New Opportunities
The Saudi Sheikh Mohammed Abdul Aziz Al Ajlan intends in the coming years to invest over 2 billion US dollars in regional projects in Uzbekistan.
The Sheikh is planning to build factories for processing raw cotton and silk in Bukhara, Andijan and Samarkand regions.
“I intend to invest in the silkworm, cotton and textile industries, and invest in particular 2 billion dollars. We have already started practical work with our Uzbek partners. I think our partnership will bring about good profits,” said the Sheikh, Chairman of the Board of Ajlan & Brothers Group.
He suggested he is also interested in the tourist segment, so intends to build five-star hotels in Bukhara, Andijan and Tashkent.
Ajlan & Brothers Group produces finished garments and fabrics, has 45 branches and over 200 outlets in the Middle East. The holding company runs its business in Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Kuwait, Yemen, Syria, Jordan, Libya and Egypt.