President Mirziyoyev reveals $26 billion development plans in Tashkent area
The Tashkent region is gearing up to kickstart 125 investment projects with a total value of $26 billion by the year 2026, as revealed in plans presented to President Shavkat Mirziyoyev. These ambitious initiatives are aimed at fostering economic growth in the region and creating tens of thousands of job opportunities.
According to information shared on the President’s official website, the majority of the investments, totaling $20.36 billion, will be sourced from foreign entities. Partners from countries such as China, South Korea, Turkey, Saudi Arabia, Russia, Azerbaijan, as well as local Uzbek entrepreneurs, are set to collaborate on 91 projects. Additionally, 28 domestic projects will receive investments amounting to $4.5 billion.
These investment projects are projected to generate around 42,000 new jobs throughout the region. One noteworthy venture is the establishment of the “Great Silk Road” industrial technopark in Almalyk in partnership with Chinese investors. This technopark will host more than 100 projects valued at $1 billion and is expected to create employment opportunities for approximately 3,000 individuals. It is forecasted to produce goods worth 5 trillion soums annually and could potentially bring in export revenue of up to $300 million.
In the Zangiata district, South Korean partners will aid in setting up a pharmaceutical manufacturing facility specializing in treatments for liver, joint, eye, and brain ailments. This initiative is anticipated to provide jobs for 200 individuals.
President Mirziyoyev also disclosed the commencement of nine additional projects with a combined value of $2 billion, representing another significant stride towards the region’s advancement.
The launch of these diverse investment projects signifies a promising future for the economic landscape of the Tashkent region, showcasing a collaborative effort between international partners and local stakeholders.
