TASHKENT, Uzbekistan, April 2. Uzbekistan has
set targets for the Bukhara region to attract $3.3 billion in
foreign investment in 2026, achieve $1.5 billion in exports, and
implement investment projects totaling $9.2 billion, Trend reports via the press
service of the Uzbek president.
The targets were outlined during a meeting chaired by President
of Uzbekistan Shavkat Mirziyoyev, which focused on assessing the
effectiveness of ongoing reforms in the Bukhara region, unlocking
its economic potential, and defining key development
priorities.
Particular emphasis was placed on industrial development.
Authorities reported that 61 major industrial projects have been
established across various sectors, with a total value of $2.2
billion. These initiatives are expected to create around 18,000 new
jobs and raise industrial output per capita from 25.6 million soums
($2,107) to 29.6 million soums ($2,436).
Among the pivotal initiatives, the Kagan district is poised to
commence the manufacturing of up to 80,000 electric and hybrid
vehicles each year. The initiative, with a valuation of $350
million, is projected to generate 500 employment opportunities.
In addition, a $220 million project in the Bukhara district
involves the production of benzene, toluene, xylene, pentane,
hexane, bitumen, and calcium chloride using pyrolysis technology.
Another initiative includes expanding the production of AI-91 and
AI-92 gasoline under an $85 million project in the Karaulbazar
district.
Plans also include launching paper and cardboard manufacturing
in the Kagan district, producing 100,000 tons of mineral
fertilizers annually in the Karaulbazar district, and expanding
gypsum board production in the Kagan district.
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