Shavkat Mirziyoyev Reviews Major Investment Projects in Navoi Region

Navoi, The Gulf Observer: President of Uzbekistan, Shavkat Mirziyoyev reviewed the latest investment initiatives planned for Navoi region, aimed at accelerating economic growth and job creation. Over the past seven years, Navoi has attracted more than $3.5 billion in investments, generating 64,700 jobs and establishing an export potential of $1.2 billion annually. This year alone, 577 projects valued at $2.1 billion are underway, with ongoing plans to mobilize strategic projects worth $26.8 billion.

During the presentation, 12 key projects involving companies from the United States, France, Germany, Austria, Russia, the UAE, Qatar, China, Japan, Korea, and Türkiye were showcased. These initiatives span several sectors, including chemistry, energy, mining, electrical engineering, medicine, construction, textiles, and light industry.

In partnership with China, Navoi’s Karmana district will see the establishment of an industrial park focused on high-value chemical products and building materials, along with a plant dedicated to manufacturing wind turbine blades. Additionally, a joint venture with Russia will produce aluminum containers for the food industry. Türkiye’s involvement will support the extraction and processing of 370,000 tons of phosphorite annually in Konimekh district, along with the production of phosphoric acid and mineral fertilizers. Austria will contribute to a project in Navoi city for the production of 170,000 tons of sodium salts and caustic soda. Together, these projects are projected to create over 17,800 jobs.

President of Uzbekistan emphasized the importance of expediting these projects and directed support for organizational and financial matters to ensure timely implementation. These investments signal a strong commitment to economic modernization and industrial development in the region.