Uzbekistan reveals investment projects to be implemented in Karakalpakstan in 2021

Uzbekistan Materials 10 March 2021 11:55 (UTC +04:00)
Uzbekistan reveals investment projects to be implemented in Karakalpakstan in 2021

BAKU, Azerbaijan, Mar. 10

By Klavdiya Romakayeva - Trend:

Some 711 investment projects with a total cost of $887 million will be implemented in 2021 in Karakalpakstan Republic in Uzbekistan, Trend reports referring to the press service of the president of Uzbekistan.

On March 9, President of Uzbekistan Shavkat Mirziyoyev got acquainted with the presentation of investment projects that are planned to be implemented in Karakalpakstan Republic.

According to the information, 712 projects worth $436 million were implemented in Karakalpakstan n 2020, and more than 4,300 jobs were created. Also, 52 projects were implemented and more than 300 people were employed from January through February 2021.

It is reported that another 711 projects worth more than $887 million have been formed, including 201 projects in the industrial sector, 280 projects in the service sector and 230 projects in agriculture.

“As a result of their implementation, production facilities for $222 million will be organized. It will be possible to replace imports by $100 million and provide exports for $41 million,” the message said.

In addition, 150 projects are planned for the extraction purpose of minerals in Karakalpakstan bowels, as well as for their processing and production of building materials. As a result, production of more than one trillion soums ($95 million) and exports of $3 million a year will be established. Also, it is planned to produce ceramic and particle boards in the Muynak district and glass in the Turtkul district.

Furthermore, it is planned to create 40 textile and 16 pharmaceutical enterprises, including a project for the processing of Artemia cysts. It was noted that substances obtained from this crustacean are used in medicine, pharmaceuticals, cosmetology, agriculture and many other areas.

“The project, worth $30 million, provides for the creation of an enterprise that will process 3,500 tons of Artemia cysts per year. The export capacity of the enterprise is expected to reach $30 million.”

It was also noted during the presentation that Karakalpakstan has great potential in the field of agriculture. Thus, 117 projects for livestock, fisheries and poultry have been developed 24 of which are focused on the processing of meat, milk and leather, and the production of feed.


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