Business Announcement and Updates

Foreign company "Gulf Cable Trading Company" (China) created Foreign Enterprise «Navoi Cable Connector» LLC at “Navoi” Free Industrial-Economic Zone.

Accordingly, the Chinese company "Gulf Cable Trading Company" has created a foreign enterprise in FIEZ "Navoi" to implement investment project of "Production of electrical aluminum wires and aluminum alloy, cable insulation materials and coupling for high voltage cables."

In the first phase of the investment project the investor invested $2 million USD, with a consequent increase in the volume of investment to 5.95 million.

As part of the project, it provides the localization of production, with a gradual increase in its share in the development of production, and created new jobs.