PROJECT

Projects

Summary of Investment Information

Project Number

46466

Company Name

ANGLESEY FOOD LLC

Date SPI Disclosed

Jul 25, 2022

Country

Uzbekistan

Region

Central Asia and Turkiye

Projected Board Date

Sep 15, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

May 1, 2024

Department

Regional Industry MAS MCT

Industry

Tourism, Retail and Property

Previous Events

Approved : Sep 12, 2022
Signed : Sep 15, 2023
Invested : Apr 29, 2024

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

 Anglesey Food LLC (“Korzinka” or the “Company”) is the leading food retailer in Uzbekistan, operating under the “Korzinka” brand name. The Project involves construction of the Company’s new distribution center in Tashkent with a total estimated project cost of approximately US$25 million (the “Project”). The Project will support the Company’s growth and help address the country’s developmental challenges by increasing consumer access to quality food via a nationwide, modern retail chain. The new distribution center will consolidate Korzinka’s logistics operations, increasing its operational efficiencies.   

Associated Advisory Engagement

  IFC’s advisory services will support the Company in obtaining climate and gender EDGE certifications as well as improving food safety management.     

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation