Sumitomo plans to invest in building a logistics center in Uzbekistan

The Japanese corporation Sumitomo plans to invest in building a logistics center in Uzbekistan. This was reported by the railway transport news portal Railway Supply.

The project was discussed in a meeting between Uzbekistan’s Deputy Minister of Investments Akram Aliev and Sumitomo’s group director Norihiko Nonaka.

Railway construction project between Kampala and Malaba: Yapı Merkezi signs $3 billion deal

The project includes the creation of a duty-free trade zone to speed up international deliveries. This will provide new opportunities for exporting cars and auto parts to both local and foreign markets.

The exact timelines for project implementation remain unknown, but the project promises significant economic benefits. Additionally, the parties have not disclosed the estimated cost yet.

No agreements have been signed between the parties so far, and the Ministry of Investments has not provided additional details. However, the project is already attracting attention due to its scale and international potential.

The construction of the logistics center in Uzbekistan will be an important step in strengthening the country’s economic ties. Sumitomo aims to expand its presence in Central Asian markets, which will positively impact the region’s logistics sector.

Sumitomo’s initiative will reinforce economic ties between Uzbekistan and Japan, positively affecting logistics and trade.

News on railway transport, industry, and railway technologies from Railway Supply that you might have missed:

First Siemens Mobility train for the Piccadilly line arrives in London