Industrial products and new projects presented

    Uzbekistan 31 May 2024 1814

    The Head of state got acquainted with the industrial exhibition and new investment projects in Bukhara region.

    Products produced in various industries are presented in connection with planned projects.

    Large and small boilers for heating systems, parts for heavy and light industries, refrigerators of various sizes and capacities, electrical equipment, and motorcycles were demonstrated. The system of regulation of public procurement is also shown.

    Over the past seven years, investments worth about $4 billion have been attracted to the region. As a result, 90,000 jobs and export opportunities worth $1 billion 800 million have been created. This year, 607 projects worth $1 billion 300 million are being implemented in the region.

    In Bukhara region, 80 projects have been formed with a total value of $14 billion, in which foreign investors and local entrepreneurs are investing. Of these, 14 projects worth $4 billion were jointly presented to the President by investors and industry leaders.

    Companies from China, Russia, Türkiye, Germany, Saudi Arabia, India, Malaysia, South Korea and other countries are investing in the projects. Projects cover such industries as the production of building materials, electrical engineering, chemistry, textiles, food, pharmaceuticals, medicine, mining, fish farming and others.

    Thus, it is planned to build a 600-megawatt wind power plant in Gijduvan district in cooperation with China, develop a graphite deposit and organize the production of batteries for electric scooters in Peshkun district with the participation of a Malaysian investor, and create a chemical cluster in Bukhara region by Iranian investors.

    Implementing these 80 projects will employ more than 22.2 thousand people.

    The President gave additional instructions on increasing the production of value-added products and localization and developing services.