of August 28, 2018 No. PP-3921
About measures for implementation of the investment project for production of modern jewelry
In pursuance of Item 56 of appendix No. 2 of the resolution of the President of the Republic of Uzbekistan of November 27, 2017 No. PP-3406 "About measures for further strengthening and expansion of bilateral cooperation between the Republic of Uzbekistan and the Republic of Korea" on production organization on release of modern jewelry and creations of new workplaces:
1. Take into consideration that:
according to the Agreement between the State scientific and production enterprise "Fonon" (further - GNPP "Phonon") and consortium of the companies "Hwachon Plant" (Republic of Korea) and "Gemco Jewelry Co., Ltd" (Republic of Korea) signed on November 23, 2017 with the assistance of also company "Stronghold Reserves Inc." (USA) creates joint business UzGold and Jewelry LLC (further - JV UzGold and Jewelry LLC) on production organization on release of modern jewelry in Tashkent by total cost 18, of 0 mln. dollars of the USA;
the business plan of the "Production Organization on Release of Modern Jewelry" project (further - the project) based on property of GNPP "Phonon" and part of buildings and constructions of the state company "1-Zargarlik korkhonas" is prepared.
2. Approve offers of the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition, the State committee of the Republic of Uzbekistan on investments, the Ministries of Economics, the Ministries of Finance of the Republic of Uzbekistan and GNPP "Phonon" about JV UzGold and Jewelry LLC organization with authorized fund in the amount of 18, of 0 mln. dollars of the USA at the expense of the following deposits performed in accordance with the established procedure:
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