Karakalpakstan and Bell Energy: new cooperation in oil, bioenergy and social projects has begun

One of the important meetings of the delegation led by the Chairman of the Jokargy Kenes of the Republic of Karakalpakstan Amanbay Orinbayev in Cairo, supported by the Embassy of Uzbekistan in Egypt, was negotiations with the Chairman of the Board of Bell Energy Haisam Hussein. The parties exchanged views on the prospects for the economic development of Karakalpakstan and the opportunities created for foreign investors.

The meeting discussed the investment potential of the region, its openness to new international projects, and promising initiatives in the industrial and energy sectors. Bell Energy and its partners in the UAE expressed great interest in implementing their projects in Karakalpakstan.

As a result of the negotiations, a number of memorandums of understanding were signed. These documents cover the following areas:

• construction of modern warehouses for storing petroleum products;
• creation of environmentally friendly energy sources through waste processing;
• creation of bamboo plantations of strategic importance for the production of bioethanol and aviation fuel;
• implementation of social programs aimed at children's welfare and education.

The parties reached an agreement to clearly define the technical parameters, financing mechanisms and implementation plans of each project to implement these initiatives.

This dialogue will not only make Karakalpakstan a more attractive region for strategic investors, but will also serve as an important step in ensuring social and economic stability in the region. The Zamin.uz editorial office assesses this cooperation as one of the important achievements of the new investment stage of Uzbekistan.

Photo: Dunyo News Agency