Uzbekistan to implement projects for US$40.81bn in 2015-2019
27/03/2015 19:12
Uzbekistan to implement projects for US$40.81bn in 2015-2019
27/03/2015 19:12
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan adopted a programme of measures on ensuring structural reforms, modernization and diversification of production for 2015-2019, which envisages realization of 846 investment projects for US$40.81 billion.
President of Uzbekistan Islam Karimov approved the programme with his resolution “On programme of measures on ensuring structural reforms, modernization and diversification of production for 2015-2019” from 4 March 2015.
Within the programme, Uzbekistan will implement 846 investment projects on modernization, technical and technological renovation of the production capacities for US$40.809 billion.
According to UzA, investors and sources of financing were determined on 711 new investment projects for US$19.64 billion. The programme includes 135 perspective projects for US$21.169 billion, which will be realized with attraction of foreign investments and loans in 2015-2019.
It is expected that implementation of the programme will ensure average annual growth of the gross domestic product in 2015-2019 at the level of at least 9% and industrial output – 9%.
In the result, the share of industry in GDP of Uzbekistan will grow from current 24% to 27% in 2020.
In the reporting period, Uzbekistan will launch production of about 100 new groups of goods (1,000 types of goods) and annual production and export potential of industry will grow by 18 trillion soums and US$2 billion respectively.
Within the programme, Uzbekistan plans to implement 124 investment projects on modernization and renovation of production capacities and 48 perspective investment projects with attraction of foreign investments in geology, energy, chemical, petrochemical and metallurgy industries.
Almalyk Mining Metallurgy Combine and Navoi Mining Metallurgy Combine are planning to implement 41 projects on modernization and renovation of production capacities in 2015-2019.
The complex of machinery, automobile and electrotechnical industries, and product standardization will realize 77 projects, which will be directed at launching new products and expansion of existing capacities on production of agriculture equipment, trucks and spare parts.
Uzeltekhsanoat is planning 39 investment projects for US$268.5 million within the programme, while Uzstroymateriali – 11 projects.
Uzbekyengilsanoat will realize 58 projects on creation of new and modernization of existing capacities and work on 21 perspective projects.
Association Uzbekcharmpoyabzali is planning to implement 61 investment projects on production of leather and modern footwear, demanded abroad.
Association of food industry enterprises are planning to realize 304 projects for US$410 million in 2015-2019, which envisage creation of capacities on storage and processing of agriculture products, deep freezing, vacuum packaging, etc.
Uzpharmsanoat will realize 22 investment projects in 2015-2019, which envisages production of ampoule, injection medicaments, pills, and other medical products.
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