President Mirziyoyev Directs Strategic Measures for Metallurgical Industry Development
Tashkent, The Gulf Observer: President Shavkat Mirziyoyev, on February 1, led a comprehensive session focusing on measures to advance the development of metallurgical enterprises in Uzbekistan. The meeting featured presentations from key stakeholders outlining plans to enhance production, attract investments, and bolster the efficiency of major industry players.
The pivotal metallurgical entities under discussion included the Navoi Mining and Metallurgical Company, the Almalyk Mining and Metallurgical Company, the Uzbek Metallurgical Company, and the state enterprise Navoiuran, collectively deemed integral to the nation’s economic landscape.
Over the past years, substantial investments totaling $7.4 billion have been injected into these four enterprises, resulting in impressive growth figures. Gold production surged by 23 percent, copper by 41 percent, and silver by an impressive 60 percent. Notably, the Navoi plant witnessed the development of four new fields and the commissioning of three operational plants. Concurrently, Uzmetkombinat and Navoiuran experienced increased production outputs.
In a broader context, the collective contribution of these enterprises to the overall industry has grown from 10 to 17 percent over the past 6 years. In terms of budget revenues, their share has risen significantly from 11 to 25 percent.
Against the backdrop of Uzbekistan’s ambitious goal to double its economy by 2030, President Mirziyoyev emphasized the pressing need to enhance the efficiency of these strategic entities, especially given the intensified global competition. The president highlighted the transformative potential of engaging foreign experts, incorporating digital solutions, and embracing green technologies within the metallurgical sector.
During the presentation, specific plans were outlined to further increase production capacities and attract foreign investments into the industry. President Mirziyoyev issued explicit directives to optimize operational costs, reduce energy consumption, and streamline expenditure. Additionally, emphasis was placed on elevating labor productivity within the plants and introducing key performance indicators (KPIs) into the management and specialist activities.
The proactive measures outlined during the session underscore the Uzbek government’s commitment to positioning the metallurgical industry as a robust contributor to the nation’s economic growth and competitiveness on the global stage.
