Acuity Funding

1. berheroptyltd Uzbekistan Agreement Expands Acuity Funding’s Footprint into Central Asia Acuity Funding has further strengthened its position as a leading global provider of private credit through a new $277 million funding partnership to construct two large-scale cement plants in Uzbekistan. The agreement marks Acuity Funding’s first major project in Central Asia, underscoring its commitment to financing infrastructure and industrial development in emerging markets. Historic Partnership for Economic Growth The funding agreement was formalised on April 9 during a signing ceremony at the Lo?e Hotel in Tashkent, Uzbekistan, a?ended by representatives from Acuity Funding and Korea’s NCG Group. Sign up Join over 100 million people using Tumblr to find their communities and make friends. Log in

2. Acuity Funding’s partnership with NCG Korea Cement will directly contribute to the development of Uzbekistan’s economy, said Mr. Ranjit Thambyrajah, CEO of Acuity Funding. The agreement paves the way for the construction of two production facilities with a combined capacity to produce 3,000 tons of cement per day, or an average annual output of 2 million tons. Driving Regional Development The project represents one of the largest foreign investments ever made in Uzbekistan, made possible through international coordination between Australia, Vietnam, South Korea, Singapore, the United States, and Uzbekistan. This initiative continues Acuity Funding’s mission to support emerging economies through job creation and sustainable economic growth this time, in southern Uzbekistan, Mr. Thambyrajah added. In addition to delivering long-term local benefits, the partnership has also boosted trade between Australia and Uzbekistan, increasing trade volume by 15 times previous levels. We look forward to seeing closer diplomatic and trade relations between the two countries perhaps even including direct flights to Tashkent in the near future, Mr. Thambyrajah said. Project Timeline and Output Construction of the cement plants is scheduled to begin later this year, with production and sales expected to start in 2027. By 2028, both facilities are projected to be operating at up to 95% of their total capacity, contributing significantly to Uzbekistan’s industrial output and export potential. Expanding Acuity’s Global Reach With the addition of Uzbekistan, Acuity Funding’s private credit network now spans 35 countries, including the Asia-Pacific, United States, Africa, Southeast Asia, and Central Asia.

3. Our goal for the remainder of 2024 is to expand development assistance to emerging economies and o?er more tailored financing packages including loans in local currencies, said Mr. Thambyrajah. The NCG Uzbekistan cement project gives Acuity a strong foothold in Central Asia, allowing us to continue expanding our global investment reach. A Vision for Emerging Economies Acuity Funding remains dedicated to empowering developing nations through long-term private credit solutions that support infrastructure, employment, and sustainable growth. Uzbekistan’s rich history and culture have given its people the wisdom and determination to build a strong nation with a bright future, Mr. Thambyrajah concluded. We are proud to play a role in that journey. 1 1 note   0 comments 0 reblogs 1 like Oldest replies first Move along, nothing to see here. Check out the Likes