The Tashkent International Investment Forum served as a key platform not only for international partners, but also for domestic producers, including the industrial and energy group Saneg. For Saneg, participation in the forum proved particularly fruitful in practical terms.

In an interview with an UzA correspondent, Andrey Kovalev, Public Relations Director of the MTO Gas Chemical Complex, spoke about the company’s presentation and the opportunities the forum opened up:

– Over three days, we showcased our gas-chemical complex’s activities and plans and gained valuable international experience. As part of the National Exhibition, we presented our strategic project – the MTO Gas Chemical Complex.

This is the most significant investment project currently implemented in the Republic of Uzbekistan. The MTO Gas Chemical Complex will be built in the southern part of Bukhara region, within the Karakul Free Economic Zone. It is designed to produce over one million tons of polymer products annually.

Today, polymers are in high demand in Uzbekistan, as they produce a wide range of goods – water bottles, clothing, carpets, plastic containers, and much more. Currently, all of these products are imported. Once the complex becomes operational, it will establish import-substituting production, directly supplying goods to medium and large business entities nationwide.

The project’s total cost is estimated at $3-4 billion. Specialists from 19 countries are involved in its implementation. At present, hundreds of engineers are working on the project. Equipment is manufactured in China, India, Italy, the Netherlands, and the United States. The complex is expected to be commissioned in 2028, and by 2030, it will reach full capacity, producing over one million tons of polymers annually.

The project is being implemented in accordance with a cluster model, as directed by the President of the Republic of Uzbekistan. This means a full-cycle production process will be organized within a single location, from gas processing to polymer production and manufacturing finished consumer goods. In other words, gas at the input, and ready-to-use products at the output.

Very productive meetings took place during the exhibition. Over three to four days, we negotiated with representatives from the United Arab Emirates, the Middle East, and Europe. Our partners expressed interest not only in investment opportunities, but also in the future products we plan to supply.

Interest was shown not only in our project but also in other companies within our group. In particular, Saneg held discussions with European partners regarding the procurement of diesel fuel – a promising area we intend to develop in line with all parties’ interests.

I would like to sincerely thank all our partners and the forum organizers for providing an effective platform for dialogue and the development of cooperation.

Ziyodbek Jumayev, UzA