Turkish OYAK to open agrochemical complex in Uzbekistan
Turkish group OYAK plans to launch the 100-hectare Hektas Asia complex in Tashkent in 2027 to produce agrochemicals.
Turkish OYAK to open an agrochemical complex in Uzbekistan
The Turkish industrial group OYAK intends to launch a major agrochemical production complex in Uzbekistan in 2027.
The Hektas Asia LLC project involves the construction of an enterprise covering about 100 hectares in the Uzbek-Turkish Industrial Zone in Tashkent.
According to Turkiye Today, citing a statement by OYAK CEO Murat Yalcintas, the project is being implemented with the participation of Turkish, Uzbek, and Omani capital. The investment company UzOman Investment Company is also participating in the partnership.
The plant will produce agrochemicals and plant protection products. The production and logistics infrastructure is planned to be oriented not only toward the domestic market, but also toward exports to other Central Asian countries.
According to Yalcintas, the project is designed to strengthen local production capacity, expand regional supplies of agrochemical products, and support food security. He also noted the growing interest of Turkish business in Uzbekistan's investment opportunities.
The head of OYAK emphasized that the investment in Hektas Asia aligns with the group's strategy to create long-term manufacturing enterprises in Turkic countries and expand its presence in Central Asia.
At the same time, OYAK is participating in the formation of an investment infrastructure for the implementation of industrial and infrastructure projects in Central Asia and the Caucasus.
In particular, the Central Asia and Caucasus Private Equity Fund was established with the participation of China's sovereign wealth fund, the Oman Investment Authority, the Fund for Reconstruction and Development of Uzbekistan, and OYAK.
According to Yalcintas, this mechanism is capable of attracting long-term capital into regional industrial and infrastructure projects.