Hanjin Group’s ‘Navoi Project’, a project to develop Uzbekistan NavoiAirport as an international logistics hub in central Asia, has achieved animportant landmark with the opening of the residential ‘HJ Navoi Complex’. Korean Air, a core subsidiary ofHanjin Group, held an opening ceremony for the Complex yesterday 19thof March.
The ‘HJNavoi Complex’ is built on an 18,188square meter site near Navoi International Airport, in order to support thedevelopment of the Navoi Free Industrial-Economic Zone (FIEZ). The Complexconsists of three buildings with 51 rooms, with leisure facilities such as afitness centre and swimming pool, for the use of Navoi FIEZ and airport relatedpersonnel.
HanjinGroup has progressed the ‘Navoi Project’ to provide a new growth momentum andto help Korean businesses enter the Central Asian Market. Hanjin’s ‘NavoiProject’ includes managing, alongside the Uzbekistan government, NavoiInternational Airport - modernizing airport facilities, establishing a globalair cargo network and constructing an advanced logistics complex.
With theopening of the ‘HJ Navoi Complex’ the Hanjin Group will now be able to create anew logistics market as the FIEZ logistics volume will go up. In addition theUzbekistan government will have increased momentum in attracting foreignbusinesses.
Amongthe eighty guests at the ceremony were Mr. Chang Hoon Chi, President and COO ofKorean Air; Mr. Kyoo Won Kang, Senior Vice President of Korean Air; Mr. AzimovRustam Sadikovich, First Deputy Prime-Minister and Minister of Finance of the Republic ofUzbekistan and Mr. Tyan Valery, Director General of Uzbekistan Airways.
Mr. Chithe President and COO of Korean Air said. “HJ Navoi Complex is the firstchapter in Hanjin Group’s efforts to develop an advanced logistics complex inthe FIEZ area.”
“Thisfacility will not only provide a stable and pleasant residential environmentfor the regional workers in Navoi but will also contribute in attractingforeign businesses to the Navoi FIEZ area.”
NavoiFIEZ is a 5million square meter site created by local government legislation in2008. The Uzbekistan government is currently working to accelerate foreigninvestment in electricity, electronic, machinery, petro chemistry and medicalareas. Corporates from seventeen countries, including South Korea, China, Oman,Singapore and India, are currently constructing facilities in the area.
Toupgrade the standard of the HJ Navoi Complex, Korean Air has utilised its cargoflights to transport good quality Korean furniture, kitchen utensils, andbuilding materials for installation.
TheHJ Navoi Complex will improve the work and living conditions and play animportant role in successfully developing the Navoi FIEZ. In addition, byproviding international standard accommodation for tourists traveling to nearbyattractions such as the “Silk Road”, Bukhara and Samarkand, it will support thedevelopment of the Navoi tourism industry.
HanjinGroup will develop the 1.2 million square meter land in correlation with thedevelopment status of the Navoi FIEZ in order for it to play a crucial role inthe success of the Navoi project.
HanjinGroup, since its first operation of cargo flights to Navoi in August 2008, hasbeen conducting a variety of projects to create Navoi as a logistics hub ofCentral Asia.
SinceJanuary 2009, Hanjin Group has managed Navoi International Airport hand in handwith the Uzbekistan government. In January 2010 Hanjin Transportation Co., Ltd.co-established ‘Eurasia Logistics Service’ with one of the local groundtransport companies in Navoi and in August 2010, built a new Navoi CargoTerminal, designed to handle 100,000 tons of cargo a year to strengthen theground network of Central Asia.