Eco-culture Plans $500 Million Investment in Uzbekistan Agricultural Complex

Russian agribusiness holding Eco-culture will launch a $560 billion agricultural complex in Uzbekistan next year.

In the Surkhandarya region, the company announced plans to build greenhouses on the area of 314 hectares to the tune of $472 million, while it will also spend another $92 million on 1,000 ha of gardens to grow cherries, apricots, plums and peaches.

Eco-culture will build also storage facilities, sublimate drying and deep freeze plants.

Some 40% of goods will go to Russia and another 60% to China, South Korea, Japan, the Middle East and Europe, where there is a high demand for organic food.