11.07.2024

The President has reviewed new investment projects set to be implemented in the Fergana region.

Over the past seven years, nearly 77 trillion Uzbek soums have been attracted to Fergana, resulting in the creation of 116,000 jobs and an export potential of $4.5 billion.

This year, the region is implementing more than 1,000 projects valued at $1.3 billion.

Currently, local entrepreneurs and foreign investors have developed 132 projects totaling over $7 billion. Among these, 25 projects worth $2.3 billion were presented to the President.

Investors from Austria, the USA, China, Russia, Turkiye, Germany, Saudi Arabia, Kuwait, Japan, and Azerbaijan are involved, covering sectors such as textiles, food, healthcare, electrical engineering, construction materials, and services.

For example, in Uchkuprik district, a project worth $50 million to produce ceramic tiles will be launched in collaboration with Chinese investors, creating 500 new jobs. In the Kuva district, Saudi investors will establish production of spare parts for heating and cooling systems, providing employment for 350 people after the $50 million project is completed.

The implementation of these 132 projects is expected to create jobs for over 23,000 people.

The President has instructed responsible officials to expedite the establishment of the legal framework for these projects and ensure favorable conditions for investors.