Turkey no. 2 country setting up firms in Uzbekistan

By Bahtiyar Abdukerimov

TASHKENT (AA) - In 2018, Turkey was number two among countries that founded the most companies in Uzbekistan, said official data for the Central Asian country.

Turkey established 364 companies in Uzbekistan in 2018, said Uzbekistan’s statistics authority on Tuesday, second only to Russia, with 428.

China came in third with 351 companies, followed by Kazakhstan with 246 and South Korea with 161.

There are now over 7,500 firms in Uzbekistan formed by foreign capital.

Last year 2,385 foreign-capital companies were founded in this country, most of them in the capital Tashkent and the Samarkand and Khorezm regions.

They largely do business in the industry, trade, construction, and building materials sectors.