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.

Uzbekistan Today (English) - - REGIONS -

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.

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