Trust in Uzbekistan, an Investment Incentive

25 Mar 2024

Investment projects are being successfully implemented in all regions of our country, and the inflow of new capital continues. The basis for this is trust in the New Uzbekistan.

In Namangan region, 47 projects with a total value of US$4 billion have also been launched. Of these, 17 projects worth US$2.3 billion were presented to the President today.

Investors include companies from Russia, China, Türkiye, the UAE, France, Germany, Austria, Italy, the Netherlands, Iran, Pakistan and other countries. The projects cover sectors such as construction materials, electrical engineering, chemicals, textiles, food industry, pharmaceuticals, medicine, mining, fish farming, and others.

For example, there are plans to mine and process copper in cooperation with China in Chust district, to set up production and dyeing of synthetic fabrics in collaboration with the Pakistani investors in Turakurgan district, and provide equipment for a traumatology center in collaboration with an Austrian company.

The implementation of these 47 projects is expected to create over 40,000 jobs.

The Head of State spoke with each investor and initiator. The economic viability of the projects was discussed, and instructions were given to responsible individuals for their acceleration.

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