Investment projects worth $7 billion are planned in Fergana

The head of state got acquainted with new investment projects that are planned to be implemented in the Fergana region, the press service of the President of Uzbekistan reports.

Over the past seven years, investments worth almost 77 trillion soums have been attracted to the Fergana region. As a result, 116 thousand jobs were created and an export potential of $4.5 billion.

This year, more than a thousand projects worth $1.3 billion are being implemented in the region.

Currently, foreign investors and local entrepreneurs have formed 132 projects worth over $7 billion. Of these, 25 projects worth $2.1 billion were presented to the head of our state.

Companies from Austria, the USA, China, Russia, Turkey, Germany, Saudi Arabia, Kuwait, Japan and Azerbaijan are investing in the projects. They cover the textile, food, medical, electrical, construction materials, service and other industries.

Thus, in the Uchkuprik district, together with Chinese investors, a project for the production of ceramic tiles worth $50 million will be implemented. As a result, 500 new jobs will be created. In the Kuva region, together with Saudi investors, the production of spare parts for heating and cooling systems will be established. Once completed, the $50 million project will employ 350 people.

As a result of the implementation of 132 projects, it is planned to provide employment to more than 23 thousand people.

The President gave additional instructions to responsible persons to accelerate the creation of an organizational and legal framework for projects and ensure all conditions for investors.