Tuesday, March 20, 2012

Hanjin Group Takes a New Leap in Central Asia Navoi Project

In the photo, Mr. Chang Hoon Chi, President and COO of Korean Air (5th from the left); H.E. Jun Daewan, Ambassador of Korea Republic to the Republic of Uzbekistan (3rd  from the left); Mr. Azimov Rustam Sadikovich, First Deputy Prime-Minister and Minister of Finance of the Republic of Uzbekistan (4th from the left); Mr. Tyan Valery, Director General of Uzbekistan Airways (6th from the left)
Hanjin Group’s ‘Navoi Project’, a project to develop Uzbekistan Navoi Airport as an international logistics hub in central Asia, has achieved an important landmark with the opening of the residential ‘HJ Navoi Complex’. Korean Air, a core subsidiary of Hanjin Group, held an opening ceremony for the Complex yesterday 19th of March.

The ‘HJ Navoi Complex’ is built on an 18,188 square meter site near Navoi International Airport, in order to support the development of the Navoi Free Industrial-Economic Zone (FIEZ). The Complex consists of three buildings with 51 rooms, with leisure facilities such as a fitness centre and swimming pool, for the use of Navoi FIEZ and airport related personnel. 

Hanjin Group has progressed the ‘Navoi Project’ to provide a new growth momentum and to help Korean businesses enter the Central Asian Market. Hanjin’s ‘Navoi Project’ includes managing, alongside the Uzbekistan government, Navoi International Airport - modernizing airport facilities, establishing a global air cargo network and constructing an advanced logistics complex.

With the opening of the ‘HJ Navoi Complex’ the Hanjin Group will now be able to create a new logistics market as the FIEZ logistics volume will go up. In addition the Uzbekistan government will have increased momentum in attracting foreign businesses.

Among the eighty guests at the ceremony were Mr. Chang Hoon Chi, President and COO of Korean Air; Mr. Kyoo Won Kang, Senior Vice President of Korean Air; Mr. Azimov Rustam Sadikovich, First Deputy Prime-Minister and Minister of Finance of the Republic of Uzbekistan and Mr. Tyan Valery, Director General of Uzbekistan Airways.

Mr. Chi the President and COO of Korean Air said. “HJ Navoi Complex is the first chapter in Hanjin Group’s efforts to develop an advanced logistics complex in the FIEZ area.”

“This facility will not only provide a stable and pleasant residential environment for the regional workers in Navoi but will also contribute in attracting foreign businesses to the Navoi FIEZ area.”

Navoi FIEZ is a 5million square meter site created by local government legislation in 2008. The Uzbekistan government is currently working to accelerate foreign investment in electricity, electronic, machinery, petro chemistry and medical areas. Corporates from seventeen countries, including South Korea, China, Oman, Singapore and India, are currently constructing facilities in the area.

To upgrade the standard of the HJ Navoi Complex, Korean Air has utilised its cargo flights to transport good quality Korean furniture, kitchen utensils, and building materials for installation.

The HJ Navoi Complex will improve the work and living conditions and play an important role in successfully developing the Navoi FIEZ. In addition, by providing international standard accommodation for tourists traveling to nearby attractions such as the “Silk Road”, Bukhara and Samarkand, it will support the development of the Navoi tourism industry.

Hanjin Group will develop the 1.2 million square meter land in correlation with the development status of the Navoi FIEZ in order for it to play a crucial role in the success of the Navoi project.

Hanjin Group, since its first operation of cargo flights to Navoi in August 2008, has been conducting a variety of projects to create Navoi as a logistics hub of Central Asia.
Since January 2009, Hanjin Group has managed Navoi International Airport hand in hand with the Uzbekistan government. In January 2010 Hanjin Transportation Co., Ltd. co-established ‘Eurasia Logistics Service’ with one of the local ground transport companies in Navoi and in August 2010, built a new Navoi Cargo Terminal, designed to handle 100,000 tons of cargo a year to strengthen the ground network of Central Asia.

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