Uzbekistan - Latest news GMK Center

The company is expected to achieve savings of 22 per cent on natural gas and up to 35 per cent on electricity per year

The project is estimated to cost $180 million

Funding from ICIEC with the participation of Standard Chartered will enable completion of the casting and rolling project in Bekabad

New complex in Bekabad will allow Uzbekistan to reduce imports and strengthen exports

The project, which will be implemented in three stages, will cost $120 million

The duty will be introduced on July 1 of the current year

The start-up of the factory is expected in the fourth quarter of 2025