01.02.2021

On February 1 President Shavkat Mirziyoyev reviewed the progress of the implementation of previously given instructions on the investment sphere and the presentation of new projects.

At the presentation, held on January 11 this year, the investment projects of commercial banks worth $1 billion and 9 large industrial projects worth 8.6 trillion soums, developed by the khokimiyat (city municipality) of Tashkent, were presented.

On the instructions of the Head of State, the «Road Maps» were developed and approved with a specific indication of activities, deadlines and responsible executors for the high-quality and timely implementation of these projects.

Since the first presentation, the commercial banks have prepared additional investment projects in promising areas that were presented at today’s presentation.

It was noted that 10 large commercial banks have developed 136 project proposals totaling $1.5 billion.

In particular, the Agrobank has identified opportunities for the implementation of 43 projects in conjunction with textile clusters, which, with a total value of $501 million, will significantly increase the level of cotton fiber processing and increase the volume of finished products.

This year the National Bank for Foreign Economic Activity plans to implement 6 new projects worth $225 million that include projects for the production of polyvinyl chloride and aluminum frames in the Republic of Karakalpakstan, Navoiy and Namangan regions, the establishment of a transport and logistics center for freight trains and trucks service in the capital and Tashkent region.

The Uzpromstroybank plans a project worth 110 million dollars in the free economic zone Urgut, providing for the creation of capacities to produce 600 thousand tons of steel products per year.

The Ipoteka Bank intends to invest in a project to establish a modern logistics center with an area of ​​27.5 hectares in the Kuyichirchik region. The enterprise will be able to receive 120 thousand containers, simultaneously service 120 trucks and 25 wagons per year.

A project has also been developed to create a National Trade Town in the Old City of the capital with a loan from Asaka Bank.

The President has noted that these projects should be aimed primarily at creating jobs and producing export-oriented products.

It was underscored at the presentation that the economic complex should organize work at the makhalla level and commercial banks should help to implement the high job creation local projects, especially to assist young entrepreneurs.

It is indicated that this requires the introduction of a new system of banks’ work in makhallas to contribute to the development of projects taking into account the specifics of a particular district or makhalla, teach the population how to earn from the business.

The Tashkent city khokimiyat also presented the plans for the implementation of promising projects in a new industrial zone in the Yangikhayot District. It is expected that on the territory of the industrial zone with an area of ​​200 hectares, 71 projects worth 4.6 trillion Uzbek soums will be implemented for the production of construction materials, food, textile products and in other important branches.