BAKU, Azerbaijan, June 17. Uzbekistan plans to create a machine-building cluster in the Khorezm region, consisting of 30 enterprises specializing in the production of cars and electric vehicles, Trend reports.
According to official data, an important stage of development will be the increase in the production capacity of the automobile plant in Pitnak City, Khorezm region, whereby by 2024 its productivity will increase from the current 90,000 units to 150,000 units per year.
Moreover, the company will localize the production of 100 different types of imported components.
It is predicted that by 2030 the cluster will be able to produce products worth $2 billion annually, which means a significant increase in production and an increase in the economic contribution of the cluster to the region.
This forecast highlights the ambitious plans of the Khorezm region for the development of the automotive and electric vehicle industry and the creation of a favorable infrastructure for the production of modern vehicles.