Karakalpakstan to implement $900mn investment projects
New projects are to be carried out in the field of industry, the service sector and agriculture.
Uzbekistan`s autonomous Karakalpak Republic in the coming years is expected to see over 700 investment projects worth nearly $900mn, the press service of President Shavkat Mirziyoyev said on Tuesday.
Hundreds of projects amounting to $436mn were implemented in the republic last year.
New projects are to be carried out in the field of industry, the service sector and agriculture.
“Production capacities worth $222mn will be organized, new facilities will substitute $100mn worth imports, with exports set to amount $41mn. More than 22,000 new jobs are expected to be created”, the press office said.
It added that the subsoil of Karakalpakstan is rich in minerals. Some 150 projects are planned for their extraction and processing. These facilities are set to deliver $95mn goods and export $3mn products annually.
Moreover, the republic aims to establish 40 textile and 16 pharmaceutical enterprises.
In particular, a $30mn project for processing artemia cysts is set to produce substances that are used in medicine, pharmaceuticals, cosmetology, agriculture and many other areas. The export capacity of the new enterprise is to amount $30mn.
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