Bukhara region is set to launch 21 major investment projects worth $1.7 bn, expected to create 32,000 jobs and generate $180 mln in annual export potential. The plans were unveiled on August 12, during a meeting chaired by the President of Uzbekistan. There, the results of ongoing reforms were reviewed and new development priorities for the region were outlined.
Previously reliant on only a few sectors, the regional economy has seen rapid diversification over the past eight years, driven by over $8 bn in investments. In industry alone, 6,000 new enterprises have been established, boosting industrial output more than sixfold.
Tourism on the Rise
Tourism has also undergone a transformation with upgraded infrastructure, new attractions and the arrival of international hotel brands. Annual visitor numbers have reached 1.7 mln.
In line with the presidential decree of December 5, 2024 on advancing industry and services in Bukhara, the first half of this year saw industrial output rise by 7.3%, 198 new enterprises launched and gross regional product grow by 6.4%.
Major Investment Pipeline
A reform headquarters established in Bukhara at the President’s initiative is identifying further growth opportunities. During the presentation, officials showcased a range of new projects.
Turkish investors are exploring graphite extraction and processing in Peshkun district, a Vietnamese company plans a modern residential complex and an Indian firm aims to open a surgical centre. On a 217-hectare site, 260 smaller projects are planned, creating over 10,000 jobs.
Boosting Employment Through Agriculture
The President also pointed to ways of boosting employment and incomes. In Peshkun, residents have already built low-cost greenhouses on leased land to grow export-oriented crops. This model will be expanded to 5,000 more households across the region.
In Shafirkon, Gijduvan, Peshkun and Bukhara districts, 10,000 hectares will be dedicated to vineyards, while in Vabkent, Gijduvan, Jondor, Romitan and Kagan districts, 5,000 hectares will be planted with apricot, cherry, fig and other in-demand fruit orchards.
Tourism and Industry Potential
Although Bukhara is famed for its ancient heritage sites, it lacks major complexes that encourage longer tourist stays. The President proposed attracting foreign investors to build a large retail and entertainment park.
Industry remains another strategic priority. The region already hosts two major oil and gas facilities, with another under construction, alongside 10 large-scale solar and wind power plants. Small businesses are expected to develop around these hubs, increasing investment, output and exports.
Regional and district governors also presented plans to expand income sources, cut poverty and reduce unemployment.
Kursiv also reports that Uzbekistan is set to begin construction of new international airports in Tashkent, Bukhara and Urgench starting in 2026.
