Uzbekistan plans to realize industrial projects worth $30 billion in 2011-2015
Uzbekistan, Tashkent, Dec. 24 / Trend D. Azizov /
Uzbekistan plans to implement 259 investment projects in the industrial sector worth over $30.074 billion in 2011-2015 in accordance with Uzbek President Islam Karimov's decree "Priorities of industrial development of Uzbekistan for 2011-2015".
The document approved the program on the priorities of industrial development of Uzbekistan for the next five years. It includes the projects of modernization, technical and technological rearmament of enterprises of basic industries.
The program includes the ongoing projects and those prepared for implementing in the energy, chemical, oil and gas, metallurgy, light industry, textile, construction materials, machinery and other industries.
In particular, about $23.05 billion are planned to be allocated for new construction projects, $5.242 billion - the projects on modernization and reconstruction of existing enterprises, $1.783 billion - technical and technological modernization.
These projects are financed by drawing foreign investments and loans worth $ 20.499 billion, own funds of companies and enterprises worth $6.284 billion, loans of the Uzbek Fund for Reconstruction and Development - $2.207 billion, loans of commercial banks in the republic - $1.084 billion.
The greatest growth is forecasted in the food industry - by 2,4 times.
It is planned to increase the share of industry in GDP from 23.9 percent in 2010 to 28 percent - by late 2015, the proportion of the final finished products in total industrial output - from 50.6 to 61.2 percent stake, share of industrial production in total exports - from 51.1 to 71.8 percent.
Equipment, materials and components, not produced in the country and imported within the implementation of projects included in the program, will be exempt from paying customs duties except for customs fees until January 1, 2016.
The official exchange rate is 1638,52 soums per $1.