Monday 19 November 2018 \

 

Saudi Sheikh to invest 2bln USD in Uzbekistan

Saudi Sheikh Ajlan Muhammad Abdulaziz intends in the coming years to invest over 2 billion US dollars in projects in Uzbekistan. 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, in particular, invest two billion dollars. We have already started practical work with our Uzbek colleagues. I think that our partnership will bring a good profit," said Sheikh, who is the Chairman of the Board of Ajlan & Brothers Group.
 
According to him, he is also interested in the tourist segment, thus he intends to build five-star hotels in Bukhara, Andijan and Tashkent.
 
Ajlan & Brothers Group is engaged in the manufacture of ready-made garments and fabrics, has 45 branches and over 200 outlets in the Middle East, with businesses in Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Kuwait, Yemen, Syria, Jordan, Libya and Egypt.
 

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