Zakir Ibrahimov presents strategic outlook for Akba gold deposit at Uzbekistan President’s meeting with investors

Baku, October 23, AZERTAC On October 21, a meeting with foreign investors was held as part of the working visit of the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, to the Kashkadarya region. During the meeting, issues related to expanding the region's industrial and agricultural potential, attracting new investments, and implementing modern technologies were discussed. Touching upon the industrial development prospects of the Kashkadarya region, President Shavkat Mirziyoyev noted that over the past five years, 20 trillion soums had been allocated to the region. A total of 161 projects worth more than USD 6 billion had been prepared. To this end, 69 projects were commissioned, while construction began on another 92 facilities.

Shavkat Mirziyoyev emphasized the importance of deeper raw material processing, the application of modern technologies, and the development of value-adding production sectors. He declared that 2027 would be a year of Kashkadarya’s development based on modern industry and agrotechnologies. The meeting also focused on the development of the Azerbaijan–Uzbekistan strategic partnership and the expansion of economic cooperation. Zakir Ibrahimov, Chairman of the Executive Board of AzerGold CJSC, provided an overview of the activities of “AzerGold Uzbekistan” Foreign Enterprise LLC, AzerGold CJSC’s first subsidiary abroad, and the prospects for developing the Akba gold deposit in the Kashkadarya region of Uzbekistan. It was reported that an investment of USD 7. 8 million is envisaged for the initial stage of the project to carry out preparatory and additional geological exploration work. In the subsequent stages of preparing the deposit for operation, the investment volume is projected to reach a minimum of USD 100 million. According to…