DUSHANBE, 12.11.2020 (NIAT Khovar) – Yesterday, a memorandum of understanding was signed between the administration of Kulob Free Economic Zone (FEZ) and Korean Koshuma Association.

The main purpose of signing this document is to establish mutually beneficial cooperation between the administration of Kulob FEZ and Koshuma Association to attract Korean entrepreneurs and investors in the implementation of priority investment projects for the construction of new industrial enterprises in the zone.

It envisages the construction of modern industrial enterprises, technology parks, laboratories, production of electrical equipment, processing of agricultural products, and the production of motor vehicle parts using Korean advanced technologies.

Attracting Korean capital and advanced technologies for the construction of new industrial enterprises and the commissioning of new production facilities on the territory of Kulob FEZ promotes the development of various sectors of the economy and the implementation of the fourth national goal, namely rapid industrialization, creation of new jobs and improvement of living standards and quality of life.