The current state and prospects of work in geology considered

    Uzbekistan 27 October 2023 4443

    On October 27, President Shavkat Mirziyoyev got acquainted with a presentation on the ongoing work to expand geological activities and plans to identify and develop promising areas.

    In achieving domestic industry development goals, providing the economy with mineral resources is essential. In recent years, in transforming the geological sphere, its material and technical base has been strengthened, and scientific research and personnel training have been strengthened.

    At the presentation, the Head of state was informed about the work carried out in the industry, measures taken to attract foreign partners and investors in the exploration and development of mineral resources, and plans for the future.

    In recent years, the volume of geological exploration work has increased 3 times compared to the previous period. The introduction of such advanced methods as 3D seismic exploration, airborne geophysics, cosmogeology, and digital geology has begun. The University of Geological Sciences was organized, where today 1.5 thousand young people acquire modern knowledge and skills.

    At the same time, the legislative framework was improved, and other necessary conditions were created for the widespread attraction of private investment in geological projects.

    Due to this, the number of entrepreneurs involved in the search and development of deposits has increased 4 times. In the current year alone, $180 million of foreign investment was attracted in geological work, and the total cost of ongoing projects exceeded $2 billion.

    The Head of state identified the tasks facing the geological exploration sector in the next year.