News : Uzbekistan implements 870 major investment projects worth $38 billion in 2015-2019 .
[2015-01-27/UZBEKISTAN]
The Government of Uzbekistan is planning to take measures to ensure the program of structural reforms, modernization and diversification of production for the period of 2015-2019.
This was stated in the Program of Action of the Cabinet of Ministers of the Republic of Uzbekistan for the near and long term, presented at a joint session of Parliament on 23 January this year.
It should be noted that the expansion of the structural changes in the economy, modernization and diversification of active leading industries are one of the priorities of the government's actions.
In particular, in the preparation of the Program of measures for structural reforms, modernization and diversification of production in the years 2015-2019 formed a list of 870 major investment projects worth $ 38 billion. Projects include the creation of 415 new businesses, as well as modernization, technical and technological renovation of 455 existing industrial facilities.
The principal difference between the programs is to identify the types of products and the accelerated development of high-tech industries, providing the output of export-oriented and competitive in the domestic and external markets.
To implement such an ambitious program, Uzbekistan has the necessary expertise, resources and capabilities. At the initiative of the President in the country in recent years carried out construction of a variety of unique, based on advanced technologies and equipped with the most modern equipment of industrial enterprises. Among them Dehkanabad potash fertilizer plant, a joint venture "General Motors Powertrain - Uzbekistan", Ustyurt Gas Chemical Complex, a plant for the production of heavy trucks in the Samarkand region, modern combined cycle power and thermal power plants, as well as other projects.
According to preliminary calculations, the program implementation will provide:
- Accelerated development of industries producing products with high added value, such as engineering, petrochemical, chemical, textile and food industries, with the creation of approximately 1,000 new industrial products;
- Growth of industrial production during 5 years by 1.5 times and an increase in the share of industry in GDP from 24 percent to 27 percent by 2020;
- Further growth of high-tech exports and creation of 52 thousand new jobs.
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UZREPORT.