Iranian businessman Hosseini Ali has announced plans to invest $42 million in building a logistics center in Kuvasay, Uzbekistan, a city near the Kyrgyzstan border, The Caspian Post reports citing Trend.

The project was discussed during a meeting with the governor of the Fergana region, Khairullo Bozorov.

The future complex, to be built on a 5-hectare site, will focus on the processing and export of fruit and vegetable products, strengthening Uzbekistan’s role as a regional hub for agricultural trade.

In addition to the logistics center, the investor plans to establish a Uzbek-Iranian trading house in Fergana, aiming to expand bilateral trade and open new export opportunities for local producers.