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Economy 25/02/2013 Jizzakh region attracts US$41.2m of investments in 2012
Jizzakh region attracts US$41.2m of investments in 2012
Tashkent, Uzbekistan (UzDaily.com) -- Jizzakh region of Uzbekistan attracted investments for US$41.2 million of investments within its regional investment programme for 2012, of which US$9.2 million were foreign investments.

Currently, the region registered 51 enterprises with foreign investments, of which six were created in 2012, newspaper “Pravda vostoka” reported.

The paper said that the main part of resources was directed to processing existing resources. Two new enterprises were launched in industry sector, one enterprise processes marble and another produces edible oil, service sector and creation of intensive gardens. Main part of investments fell to share of Jizzakh city and Gallyaaral district.

Attraction of investments helped to provide jobs to 775 people, majority of them were young specialists, who graduated professional colleges.

Jizzakh Plastmasa carried out modernization due to loans and investments, which helped to produce mono blocks for batteries. The products supplied to Jizzakh Battery Plant, which imported the product.

Yevroaziya Carpet purchased equipment from Belgium and started production of export-oriented carpet products.

In 2012, share of exports of the enterprises with foreign investments made up 38%. The growth of exports in 2012 was 6% year-on-year.

Jizzakh region developed a regional programme on attracting direct foreign investments and loans for 2013, which envisages implementation of 12 projects due to attraction of foreign investments for US$12.2 million. This will help to create 430 new jobs and launch production of export-oriented products for over US$3 million.

In particular, the region plans to implement project in agriculture sector and production of decorative carpet. The second project will be implemented with French company TPC Lines.

The exports of the region made up US$23.7 million in 2012 against the planned volume of US$23.1 million. The region has 32 exporters and their number rose by seven in 2012.

Share of industrial goods in regional exports grew from 17% to 64%. The volume of fruits and vegetables in exports fell from 73% to 20%.

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