Hungary to Build 8 Poultry Farms in Syrdarya

^{Photo: Ministry of Investment, Industry and Trade}
According to Uzbekistan's Ministry of Investments, Industry and Trade (MIIT), the Uzbek delegation was led by Deputy Prime Minister Jamshid Khodjaev, while the Hungarian side was represented by OTP Group CEO Gergely Pokos.

The two sides discussed key issues of Uzbekistan-Hungary cooperation, investment conditions for foreign investors in Uzbekistan, and measures to support foreign businesses in the country.

It was emphasized that bilateral cooperation is steadily developing, supported by strong, trust-based relations at the highest level. Hungarian businesses show strong interest in Uzbekistan — following President Shavkat Mirziyoyev’s official visit to Hungary in October 2022, agreements worth $1.3 billion were signed.

The main trade positions between the countries include textiles, food products, pharmaceuticals, mechanical and electrical equipment, and other goods. As of October 1, 2024, there are 12 enterprises in Uzbekistan with Hungarian capital, including 7 joint ventures and 5 wholly foreign-owned companies.

The investment portfolio includes projects such as the privatization of Ipoteka Bank by OTP Bank, the establishment of a high-tech pharmaceutical facility with Meditop Pharmaceuticals, and more. Constructive discussions were held regarding the next steps in launching a large poultry cluster in Syrdarya region.

Following negotiations, the parties signed key documents including an Investment Agreement, a land lease contract for a plot in Syrdarya, and foundation and charter agreements with the Uzbekistan Direct Investment Fund.

Under the project, developed jointly with ZA-Invest, the 130-hectare cluster will include 8 poultry farms, an incubator, slaughtering and processing facilities, a feed mill, refrigeration units, and administrative buildings. The project capacity is set at 16 million broiler chickens and 120,000 tons of compound feed per year.

The project is financed by the OTP Green Fund and implemented by ZA-Invest Poultry, a member of OTP Group.

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