MIIT prepared industrial investment projects for almost $4 billion

MIIT announced the launch of a special online platform for the presentation of investment projects developed by it, Spot reports with reference to the press service of the Ministry.

The site is available at loyiha.miit.uz. It provides information on 100 initiatives developed as part of an open dialogue between the president and entrepreneurs.

Projects are divided into nine industries:

• leather and footwear industry;
• mechanical engineering and auto industry;
• metallurgy;
• agriculture;
• construction materials;
• textile industry;
• pharmaceuticals;
• chemical industry;
• electrical engineering.

It is proposed to establish the production of rolled metal in Karakalpakstan, silicon in the Jizzakh region, photo panels in the Ferghana region, transformers and batteries for electric transport in the Samarkand region, electric vehicles in the Bukhara region, etc.

The Ministry will assist in land registration and infrastructure development. The state will also provide support in financing projects.

The total investment is estimated at $3.98 billion, of which $2.78 billion will come from the Industry Development Fund, which was announced earlier.

After the launch of the projects, their estimated production volume will be $1.3 billion, and the export potential will be $495 million. It is also expected to create more than 20,000 jobs.