Russia's Industrial Development Fund, coordinated by VEB.RF, has approved approximately 70 projects totaling 2 trillion rubles ($25.48 bln) under its Cluster Investment Platform, aiming to modernize industry and support import substitution.
Uzbekistan's President Shavkat Mirziyoyev announced plans for a new international financial centre operating under English common law principles, offering extensive tax incentives for 50 years. The initiative aims to attract foreign investment by creating a familiar regulatory environment. The country has attracted over $150bn in foreign investment recently, with its economy growing by 7.7% last year.
Uzbekistan announced plans for a new international financial centre and six investment priorities at the Tashkent International Investment Forum. The centre will operate under English common law with significant tax incentives for 50 years. The country has attracted over $150 billion in foreign investment recently.
Russian Foreign Minister Sergey Lavrov stated that the time is right for Russia to fully assist African countries seeking to develop their own industrial production and retain more added value from their natural resources.
Nearly 30 university students from Macao visited Ningde, Fujian, to experience its industrial development, marine economy, and history. They toured CATL, a marine ranch, and museums, gaining insights into innovation and local culture.
Nearly 20 Hong Kong media professionals visited Ningxia from June 1-5 to explore its industrial development, historical culture, ecological protection, and rural revitalization. They visited the Ningdong Energy and Chemical Base, Ningxia Museum, and Xixia Mausoleum National Heritage Archaeological Park.
Saudi Fashion Commission and Italian group MinervaHub signed a Memorandum of Understanding in Riyadh to develop advanced industrial capabilities and foster expertise exchange in Saudi Arabia's fashion sector.
