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Economy 30/01/2013 Uzbekistan to launch 115 production objects in 2013
Uzbekistan to launch 115 production objects in 2013
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan will commission 115 production capacities in 2013 with total investment volume of US$1.2 billion within its investment programme for 2013.

At the same time, 43.3% of projects are newly constructed enterprises and 56.7% are projects on modernization and reconstruction of existing capacities.

According to the forecast, launch of these objects will allow to create over 8,500 new jobs in Uzbekistan.

It is worth to mention that construction of new enterprises help to launch new enterprises, including small and private businesses.

Shortan Gas Chemical Complex is one of such examples. The enterprise processes natural gas and produces granulated polyethylene, which helped to launch several other enterprises on production of packaging products, pipes, etc.

The analysis showed that 53.6% of investments in 2013 will fell to share of Complex on geology, fuel-energy, chemistry and metallurgy industry.

Largest projects will be commission in electricity production sector. Construction of 500 kilovolt high voltage line “Talimardjan thermal power station – Sogdiana substation” with total length of 218 km with 500 kilovolt outdoor switchgear at Talimardjan thermal power station and full-scale modernization of two energy blocks of Syrdarya thermal power station are determined as important projects.

Some 12% of total attracted investments into production sector in 2013 will be directed to these projects.

Several projects will be implemented at free industrial-economic zone “Navoi” and special industrial zone “Angren”, which provide tax, customs and other preferences to businesses.

Free industrial-economic zone “Navoi” was founded in December 2008 with the charter capital of 4.89 billion soums and special industrial zone “Angren” has been established in April 2012 with the charter capital of 1 billion soums.

It is expected that seven modern high-technologic production capacities will be launched in these two zones in 2013. Total investments to these projects will make up US$43.5 million.

In particular, Almalyk Mining and Metallurgy Combine (AGMK) will construct a plant on production of copper pipes of various sizes. The combine will invest US$18.4 million to the project.

Нayat Power Cable Systems, created by AGMK, Kabel and компании Gulf Cable Trading Company, will launch a capacities on production of power cables. The project cost is US$12.9 million.

At free industrial-economic zone “Navoi”, it is planned to launch capacities on production of heating and water-heating boilers and electricity meters. Production capacities on production of LED lamps, medical products will be commissioned at special industrial zone “Angren”.

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