31.10.2024

The Head of State was briefed on the presentation of new investment projects planned in Navoi region.

Over the past seven years, more than $3.5 billion of investments have been attracted to the oblast, which allowed creating 64,700 jobs and ensuring export potential of $1.2 billion a year. This year, 577 projects worth $2.1 billion are being implemented.

This work continues: foreign investors and local entrepreneurs have generated more than one hundred strategic and major projects with a total value of $26.8 billion.

Twelve of them were presented to the President.

Companies from the US, France, Germany, Austria, Russia, UAE, Qatar, China, Japan, Korea and Türkiye are investing in the projects. These initiatives cover sectors such as chemistry, energy, mining, electrical engineering, medicine, construction, textiles and light industry.

For instance, in cooperation with China, projects on production of high value-added products worth 2.5 billion soums per year will be implemented in Karmana district. This involves the establishment of an industrial park specializing in chemical products and construction materials, as well as a plant for the production of blades for wind turbines.

An investment project in partnership with Russia is planned to be implemented in the same district - production of aluminum containers for the food industry. In cooperation with Türkiye, mining and processing of 370 thousand tons of phosphorite per year, as well as production of phosphoric acid and mineral fertilizers will be organized in Konimekh district. A project on production of 170 thousand tons of sodium salts and caustic soda in Navoi city is planned with Austria.

These projects will employ more than 17,800 people.

The President instructed to assist the initiators in organizational and financial issues and accelerate the implementation of the projects.