Chinese investors are preparing to establish industrial parks worth $2.1 bn in Uzbekistan’s Tashkent region, according to figures presented to President Shavkat Mirziyoyev at a meeting on the region’s development.
Under a presidential decree, more than 40 trln soums ($3.2 bn) will be directed to the area over the next two years. Officials expect this to help bring unemployment down to 4.5% by the end of the year. Over the past eight years, the region has attracted $18 bn in investment, including $8 bn channelled into industrial projects. A further $2.5 bn worth of investment schemes have also been prepared for the region.
In addition to industrial projects, 263 mahallas will be involved in the cultivation of fruit and vegetables. Agrostar will support local communities by supplying seedlings and assisting with the sale of agricultural products.
President Mirziyoyev also instructed officials to connect all districts of the region with high-speed electric trains. Another priority is to relocate environmentally harmful enterprises from the capital to the region, with free land plots from Tashkent Invest and industrial zones being considered for these transfers.
Kursiv also reports that Uzbekistan’s business climate is showing steady improvement, supported by stronger domestic demand and rising employment expectations.
