President Mirziyoyev Spearheads $10 Billion Gas Chemical Project in Khorezm Region
Tashkent, The Gulf Observer: In a pivotal move to boost economic development in the Khorezm region, President of Uzbekistan Shavkat Mirziyoyev led a working meeting at the conclusion of his first-day visit. The discussions centered on the comprehensive implementation of a major gas chemical project within the region.
The high-level meeting convened key figures from the Ministry of Energy, Uzkimyosanoat JSC, and a foreign investment company, emphasizing the collaborative effort required for the success of this ambitious venture. The proposed investment for the project surpasses the $10 billion mark, underlining the scale and significance of the initiative.
Projections for the gas chemical project estimate an annual production capacity of 2.5 million tons of products, promising to generate over 3,000 employment opportunities in the region. The slated timeline for the project spans from 2024 to 2028, reflecting a strategic and phased approach to its realization.
President Mirziyoyev expressed confidence that the successful execution of this project will not only invigorate the gas chemical industry but will also stand as a cornerstone within the broader New Uzbekistan strategy. The venture is anticipated to contribute substantially to economic growth, technological advancement, and job creation, marking a pivotal step in the region’s industrial and economic landscape.
