Uzbek banks to finance investment projects worth $11.5bn
Fourteen projects worth $1bn would be implemented in fields including construction materials production, light industry, agriculture, petrochemicals, mechanical engineering, it added.
Uzbek commercial banks plan to implement major investment projects worth $11.5bn in 2021, according to information presented to President Shavkat Mirziyoyev on January 11, his press office reported.
Fourteen projects worth $1bn would be implemented in fields including construction materials production, light industry, agriculture, petrochemicals, mechanical engineering, it added.
Two thousand new jobs were expected to be created by a project for the production of plastic bags and soft containers in Syr Darya region, while one of the largest banks, Uzpromstroybank, plans to implement a $94mn project for the production of nonwoven fabric, according to other released details.
1,277 investment projects worth over $10.5bn are scheduled by 2023, with the share of foreign investments and loans comprising almost $4.9bn. This would create about 86,000 mew jobs.
$4.1bn will be invested in these projects from all sources this year alone.
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