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Uzbekistan 10/12/2024 Tashkent region's great potential as a foundation for investment and jobs

Tashkent region's great potential as a foundation for investment and jobs

Tashkent, Uzbekistan (UzDaily.com) —  On 10 December, President of Uzbekistan Shavkat Mirziyoyev held a meeting focused on the effective use of Tashkent region's potential, the creation of new jobs, and the attraction of investments.

Tashkent region holds significant opportunities in the fields of industry, agriculture, services, and tourism. Over the past seven years, the regional economy has grown by 1.5 times, and the number of industrial enterprises has doubled, reaching 12,000. However, despite these achievements, many resources remain underutilized.

For example, only 25% of the region's agricultural land is actively used, and the yield per hectare is lower than that of other regions. In several cities and districts, such as Bekabad, Akhangaran, Akkurgan, Chinaz, and Piskent, agricultural processing is at a low level, which limits the potential for ensuring food security and exports.

At the meeting, specific measures were proposed to improve the efficiency of agriculture. The implementation of the "Agroplatform" information system is planned, which will track data on sown areas, production volumes, employment, and taxes. In 2025, a three-time harvest collection will be organized on 52,000 hectares of land, and industrial orchards and vineyards will be established on 5,000 hectares.

Additionally, the region plans to link agricultural land with processing and export enterprises. This will allow for the harvesting of 3.5 million tons of fruits and vegetables, with exports totaling 500 million dollars.

The region's infrastructure and logistics potential contribute to business development, but over the past three years, commercial property areas have increased by only 1.6 million square meters, which is 3.5 times less than in Tashkent. Of the 9,000 hectares of land allocated for investments, around 2,000 hectares remain unused.

Against the backdrop of growing investor interest in projects such as "smart cities," medical clusters, and "green" power plants, the president emphasized the need to intensify the work of the Agency for State Asset Management. He instructed that unused buildings and lands be put up for auction and that favorable conditions for business be ensured.

The regional khokim (governor) presented plans for 2025: attracting US$5 billion in investments and increasing exports to US$2 billion. Half of the investments will be directed to developed cities (Almalyk, Angren, Chirchik) and districts (Akhangaran, Zangiata, Kibray). For less developed areas, such as Akkurgan, Bekabad, Buka, and others, an additional package of projects will be developed to create jobs.

The president emphasized that the implementation of these measures will significantly improve the standard of living in the region. The goal for next year is to employ 700,000 people, reduce the unemployment rate to its natural level, help 22,000 families out of poverty, and provide employment for returning migrants.

During the meeting, Shavkat Mirziyoyev listened to proposals from regional entrepreneurs, paid special attention to their initiatives, and gave specific instructions for their implementation.

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