09.03.2021

On March 9, President Shavkat Mirziyoyev got acquainted with the presentation of investment projects that will be implemented in the Republic of Karakalpakstan.

During the extraordinary session of the Joqargy Kenes (Supreme Council) of the Republic of Karakalpakstan on October 2, 2020, the Head of State gave instructions on the development of region’s economy and improving the life of the population. Proposals based on the study of opportunities and problems in each city and region have been elaborated.  As a result, the Resolution of the President «On measures for the comprehensive social and economic development of the Republic of Karakalpakstan in 2020-2023» was adopted in November 11 last year.

The first part of the presentation was devoted to the work accomplished in pursuance of this document, including the development of engineering and road infrastructure, improving living conditions in makhallas (the residential community areas) and auls (villages), ensuring employment of the population.

Last year, 712 projects for $436 million were implemented in Karakalpakstan, more than 4.3 thousand jobs were created. In January-February this year, 52 projects were implemented, more than 300 people were employed.

The work in this direction is being consistently continued. In particular, another 711 projects for more than $887 million have been developed. These are 201 projects in the industrial sector, 280 services in the services sector and 230 projects in agriculture. As a result of their implementation, the production facilities for $222 million will be established. It will be possible to replace imports by $100 million and provide exports for $41 million. It is planned to create over 22 thousand new jobs.

Karakalpakstan is rich in minerals. For the purpose of their extraction, processing and production of construction materials, 150 projects are planned. As a result, production of more than 1 trillion Uzbek soums and exports of $3 million a year will be established. Thus, it is planned to produce ceramic and wood particle boards in the Muynak District and the glass in the Turtkul District.

It is planned to establish 40 textile and 16 pharmaceutical enterprises, which will employ more than 5 thousand people.

Among them is a project for the processing cysts of Artemia. The substances obtained from this crustacean are used in medicine, pharmaceuticals, cosmetology, agriculture and many other areas. The project at the amount of $30 million provides the establishment of the enterprise that will process 3.5 thousand tons of Artemia cysts per year. The export capacity of the enterprise is expected to be at $30 million. 500 permanent and 2 thousand seasonal job places will be created.

13 projects for the advanced processing of licorice root have been developed. As a result of their implementation, it is planned to increase the volume of exports of licorice products from the current $29 million up to $62 million.

Karakalpakstan has a great potential in the field of agriculture. 117 projects for livestock, fisheries and poultry have been developed. As a result, about 7 thousand people will be employed, 24 of these projects are focused on the processing of meat, milk, leather as well as the forage production.

The President noted the need to develop livestock breeding and fish farming with the use of foreign experience. An instruction was given to make full use of the available resources and advance the processing, create permanent sources of income for the population.