Uzbekistan introduces 140 objects worth $3.2 B

Business Materials 20 May 2019 15:25 (UTC +04:00)

Baku, Azerbaijan, May 20

By Fakhri Vakilov – Trend:

Ministry of Economy and Industry of Uzbekistan estimates that in 2019, 140 objects worth more than $ 3.2 billion are to be commissioned in the country, Trend reports with reference to the Ministry.

One of the three major milestones is the commissioning of the Navoi thermal power plant with the construction of a second combined-cycle plant worth $ 547.3 million with a capacity of 4,560 MW worth $ 547.3 million. The commissioning of this facility will ensure uninterrupted supply of electricity to the Navoi, Bukhara and Samarkand regions, and additional permanent employment of 112 people.

The second large project is the construction of a complex for the production of polyvinyl chloride (PVC), caustic soda and methanol on the basis of Navoiazot JSC with a total value of $ 500.1 million, which will produce 100,000 tons of polyvinyl chloride, 71,800 tons of caustic soda and 300,000 tons of methanols annually. It will create 903 job places.

The launch of the Tashkent metallurgical plant with a total cost of $335 million closes the top three projects. The commissioning of the plant will allow production of 500,000 tons of metal (cold-rolled steel sheet) annually and will provide permanent job to more than 670 people.

There were 74 cotton-textile clusters covering 685,200 hectares created to further deepen structural reforms, reduce the state’s role in agricultural production and stimulate direct investment in the industry. Moreover, mechanisms promoting the widespread introduction of the cluster form of fruit and vegetable production in the country's regions were established as well.

As a result of introducing effective methods of growing raw cotton and producing other types of agricultural products, organizing their deep processing and increasing productivity and remuneration in the agricultural sector, more than 40 fruit and vegetable clusters covering 28,000 hectares have been created in the regions alongside a pilot rice cluster of 5,000 hectares.

In the territories of 21 free economic zones in Uzbekistan, 670 investment projects are being implemented for a total amount of more than $3.8 billion. The implementation of these projects will create more than 48,000 jobs.

In 150 small industrial zones, 1,871 projects amounting to over $969,000, are being implemented. Within their framework, more than 58,000 jobs are being created.


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