TASHKENT, Uzbekistan, August 26. Uzbekistan plans to implement five more new projects from 2023 through 2025 at the site of the plant of Azia Metall Prof LLC in Samarkand, Trend reports.
According to the official source of Uzbekistan, a total of $621 million will be invested for the implementation of these projects, as a result of which capacities for the manufacturing of 1.7 million tons of metal products and 10 million square meters of glass will be created, which will create 930 new jobs.
At this large plant, together with Chinese partners, projects worth $110 million were implemented from 2018 to 2022, including the attraction of $33 million in foreign direct investment.
Thus, the production of galvanized and polymerized metal sheets began in December 2018. At the second stage, which began in 2021, the production of metal pipes and profiles was established, and since February 2022, hot-rolled metal sheets and construction profiles have also been produced.
Furthermore, Azia Metall Prof. LLC exported goods worth $63 million abroad last year.
Uzbekistan is actively continuing to work on the diversification of its economy and industry sector. Industries such as textiles, the chemical industry, mechanical engineering, food, and construction are supported to introduce modern technologies and improve product quality.