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Uzbekistan reveals data on future projects in Syrdarya region

Finance Materials 4 June 2020 17:18 (UTC +04:00)
Uzbekistan reveals data on future projects in Syrdarya region

BAKU, Azerbaijan, June 4

By Ilkin Seyfaddini - Trend:

Uzbekistan plans to implement 665 investment projects worth 10.2 trillion soum (more than $1 billion) in the country's Syrdarya region, Trend reports citing the Ministry of Investment and Foreign Trade of Uzbekistan.

“Implementation of the projects will create 22,732 new jobs. Land plots have been allocated for each project, responsible contractors have been selected and sources of financing have been identified. All projects will be implemented by the end of the first quarter of 2021,” the message said.

On May 1, 2020, heavy rains caused a Sardoba dam wall nearby Sardoba, Akalty and Mirzaobod districts of Syrdarya region to collapse partially, flooding a large land area. As a result of the emergency accident, 2,570 individual and 76 apartment buildings in the districts were destroyed.

This disaster has caused significant damage to entrepreneurs and exporters, as well as to the many residents of Syrdarya region who have lost their jobs.

Government held a number of meetings with entrepreneurs and residents of the affected areas, during which existing problems were discussed.

Based on the study of the existing economic potential and reserves, as well as ideas and proposals of the residents and entrepreneurs, the working group has been working for several weeks to develop investment projects, envisaging the creation of greenhouses, enterprises in the livestock, poultry, leather processing, as well as electrical, textile, food and other industries.

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