Tashkent:Turkish investment group OYAK is set to launch an agricultural chemical production plant in Tashkent, Uzbekistan, next year. The facility aims to serve as an export hub for the broader Central Asian market.

According to Anadolu Agency – English, the Hektas Asia LLC facility will be located within the Uzbek-Turkish Organized Industrial Zone. It is expected to bolster the industrial partnership between Türkiye and Uzbekistan by producing advanced agricultural chemicals. The plant will be funded through a collaboration involving Türkiye, Uzbekistan, and Oman.

Murat Yalcintas, CEO of OYAK Holding, highlighted Uzbekistan's favorable investment climate and strategic location as key factors attracting Turkish businesses. He mentioned that the plant will produce high-tech agricultural chemicals and crop protection products in collaboration with UzOman Investment.

The investment is part of OYAK's strategy to contribute to regional food supply security, enhance local production capacity, and support Uzbekistan's ambition to become a significant export hub in Central Asia. It reflects OYAK's vision of establishing a sustainable production infrastructure within Turkic republics to drive regional growth.

OYAK has also partnered with the China Investment Corporation, Oman Investment Authority, and the Uzbekistan Fund for Reconstruction and Development on the Central Asia and Caucasus Private Equity Fund. This platform aims to provide essential long-term capital for manufacturing, industrial, and infrastructure development in Central Asia.