Ferghana region to implement some 1,000 investment projects worth over $1.6bn
Most of the projects are set to be implemented in the chemical, textile, leather and footwear industries, the construction materials and the electrical industry.
Uzbekistan`s Ferghana region in the coming two years will see the implementation of 949 investment projects worth over $1.6bn. This was announced during the trip of President Shavkat Mirziyoyev to the region on February 5.
Most of the projects are set to be implemented in the chemical, textile, leather and footwear industries, the construction materials and the electrical industry.
Three $537mn worth projects will be implemented by Ferganaazot, 14 projects amounting to $154mn are planned in the textile sector.
As the region has limited land resources, it is planned to develop 33,000 hectares of steppe, pasture and hilly lands. Of the $33mn allocated for this purpose, $10.5mn will be subsidized.
Some 105 multi-storey buildings will erect in 11 districts of the region. Nearly $30mn will be allocated from centralized sources to repair 503 kilometers of roads.
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