Investment Projects for Andijan and Tashkent Regions Presented

08 Feb 2021

On February 8, President Shavkat Mirziyoyev got acquainted with investment projects planned to be implemented in Andijan and Tashkent regions.

First, President was briefed about the projects that it will be launched this year. Particularly, 616 projects for $1,433 billion will be implemented in the Andijan Region. 258 of 616 projects are in the industry, 185 are in the service sector, and 173 are in agriculture. As a result, production capacities for almost 10 trillion soums will be created; the opportunities will appear to replace imports in the amount of $95 million and export products for 265 million dollars. It is envisaged to create 61 thousand new jobs.

For example, the Tetratex LLC organizes a textile complex in the Balykchy District. The total cost of the project is 126 million euros. It will be implemented in four stages in 2021-2022. The enterprise will launch a full cycle of knitted products. As part of the first stage, the completion of which is scheduled by late this year; 2.5 thousand jobs will be created. At the end of all stages this figure will be 10 thousand.

Along with an intensive work on these projects, the new ones are being formed. For example, 53 new investment projects for $782 million have been formed for the Andijan Region.

During the presentation, information on the prospects of these projects, sources of financing and infrastructure was presented.

The President noted the importance of placing projects in makhallas, where there is a high need for jobs, increasing the number of enterprises based on public-private partnerships, and increasing the pace of employment.

This year, 355 projects for 1 billion 624 million dollars will be launched in the Tashkent Region. Of these, 198 projects are related to the industry, 81 projects are in the service sector, 76 projects are in agriculture. As a result, production facilities of about 35 billion soums will be created; 13 thousand people will be provided with jobs. It is envisaged to organize the production of import-substituting products for $48 million and export-oriented goods for $42 million.

In addition, 187 new investment projects are scheduled in the region. The presentation has focused on the largest of them.

Thus, the «Metal produkt» LLC is organizing the production of metal products in the town of Akhangaran in the framework of a project for 25 million dollars. The annual capacity of the future enterprise will be 60 thousand tons. The enterprise, the commissioning of which is scheduled for May this year, will provide 150 people with jobs.

Among the projects important for the domestic market are the plans for the production of bicycles in the «Angren» Free Economic Zone and the manufacture of food products in the Kibray District.

The President has noted the need to actively involve scientific achievements and innovations in the industry, pay a special attention to ensuring the quality and relevance of products. He has also instructed on the rational use of the transport and tourism potential of the Tashkent Region and the development of the services sector.

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