Deputy Prime Minister – Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov has received the President of KIA Russia & CIS Sang Gwon Jong.

The company’s leadership announced its intention to continue strengthening its positions in Uzbekistan market through the implementation of new projects and expanding the production line.

A joint project with KIA to assemble cars using the SKD method at a plant in Jizzakh started in 2021. The cost of the first phase was $12.6 million. The multi-brand plant, which employs 250 specialists, assembles KIA, Renault and Lada cars. Production capacity – 25 thousand units per year. More than 6 thousand cars have been produced since the launch of the plant. As for KIA, 8 models of this brand are already presented on the Uzbekistan market. However, it was noted that there is a huge reserve both for expanding the model range and for increasing production volumes.

During the talks, it was emphasized that the launch of the second phase of the project will increase the annual production capacity to 100,000 vehicles and create 3,000 new jobs.

The parties agreed on further actions to promote its practical implementation.

UzA