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Uzbekistan with long-term programme for developing its industry

Jul 1, 2016 Uzbekistan
Uzbekistan with long-term programme for developing its industry
According to local news agencies, the Head of Department of the Ministry of Economy of Uzbekistan, Otabek Sharipov, confirmed a development programme to be in place by 2030
The programme aims to incentivate the development of the Uzbekistan's processing industry, based on investment projects, especially dedicated to processing of raw materials and production of ready products with high added value.

According to the Ministry of Economy Uzbekistan has all necessary prerequisites to increase production of petrochemical and chemical products and launch production of complex polymers, olefins, synthetic rubber, synthetic fiber, aromatic hydrocarbons and other high-tech products, complex mineral fertilizers, and a wide range of chemical products.

The same source indicated that the execution of these programmes will create opportunities for joint investment projects between companies, both domestic and international. A total of 846 new investment projects with the cost of over 40 billion US dollars is forecasted under the programme. 150 projects with a total of 1 billion US dollars in the textile and leather-footwear industry are also on the agenda.

Related Organizations

  • Association of leather and footwear producers of Uzbekistan

    Association of leather and footwear producers of Uzbekistan

    Uzbekistan