Tashkent Region’s Economic Growth Accelerates with $9.4 Billion in Investments
Tashkent, The Gulf Observer: The Tashkent region is emerging as a key economic hub in Uzbekistan, thanks to its strategic proximity to the capital and its pivotal role in connecting the valleys of the country with major international roads. Over the past seven years, the region has successfully attracted investments totaling nearly $9.4 billion, leading to the creation of more than 143,000 jobs and generating export opportunities worth $5 billion.
Looking ahead, the Tashkent region plans to implement 125 projects valued at $26 billion from 2024 to 2026. Among these, 21 projects are classified as strategic, while 52 are industry-specific and the remaining 52 are regional initiatives. These ambitious projects are anticipated to create an additional 42,000 jobs in various sectors.
Recently, 11 projects with a combined value of $3.4 billion were presented to the President of Uzbekistan, highlighting the significant interest from both local and international investors. Notable participation comes from companies based in China, South Korea, Türkiye, Saudi Arabia, Russia, and Azerbaijan.
The investment landscape in the Tashkent region is diverse, with 23,000 jobs projected to be created across several key industries, including textiles, food production, medical supplies, electrical engineering, energy, construction, and geology.
One prominent initiative includes the establishment of the Great Silk Road Industrial Technopark in the city of Olmaliq, developed in collaboration with Chinese investors. This technopark will host over 100 projects worth $1 billion and is expected to generate approximately 3,000 new jobs.
Additionally, in the Zangiata district, a partnership with South Korean investors aims to launch production facilities for medical products designed to treat liver, joint, eye, and brain diseases, employing 200 individuals.
In a recent directive, the President emphasized the importance of creating a conducive environment for investors, highlighting the need for effective monitoring of project progress and prompt resolution of any emerging issues. This commitment underscores the government’s dedication to fostering a thriving investment climate in the Tashkent region.
