Shukhrat Abdurakhmonov and John Tonelli. Photo: press service of the khokim of Andijan region
The American investment company Oppenheimer has announced its readiness to help finance several projects in Uzbekistan’s Andijan region, the press service of the region’s khokim (administrative head) Shukhrat Abdurakhmonov reported.
The agreements were reached during a meeting between Abdurakhmonov and Oppenheimer managing director John Tonelli, held at the Uzbek Embassy in Washington.
Several large-scale projects were discussed. Among them was the creation of an industrial zone worth $180 million, which will host modern facilities for the production and processing of textiles.
The two sides also explored the possibility of jointly developing a project called “Artificial Lake,” estimated at $20 million. The initiative aims to turn the city of Khanabad into a tourist destination attractive to both locals and foreign visitors.
In addition, the American company expressed interest in investing in the $1 billion urban development project “New Andijan.”
Oppenheimer is a New York–based investment company specializing in financial, investment, and brokerage services. It is one of the largest firms of its kind in the United States.
