Investment projects worth $7 billion are planned in Fergana

    The President of Uzbekistan got acquainted with new investment projects planned to be implemented in Fergana region.

    Over the past seven years, investments worth almost 77 trillion UZS have been attracted to Fergana region. As a result, 116 thousand jobs have been created, and the region has an export potential of $4.5 billion.

    This year, more than a thousand projects worth $1.3 billion are being implemented in the region.

    Foreign investors and local entrepreneurs have formed 132 projects worth over $7 billion. Of these, 25 projects worth $2.1 billion were presented to the Head of state.

    Companies from Austria, the United States, China, Russia, Türkiye, Germany, Saudi Arabia, Kuwait, Japan, and Azerbaijan are investing in the projects. They cover the textile, food, medical, electrical, construction materials, service, and other industries.

    Thus, in Uchkuprik district, together with Chinese investors, a project to produce ceramic tiles worth $50 million will be implemented. As a result, 500 new jobs will be created. In Quva district, together with Saudi investors, the production of spare parts for heating and cooling systems will be established. Once completed, the $50 million project will employ 350 people.

    The implementation of 132 projects is planned to employ more than 23 thousand people.

    The President gave additional instructions to responsible persons to accelerate the creation of an organizational and legal framework for projects and ensure all conditions for investors.