(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 17. Uzbekistan plans to
create a machine-building cluster in the Khorezm region, consisting
of 30 enterprises specializing in the production of cars and
electric vehicles, trend reports.
According to official data, an important stage of development
will be the increase in the production capacity of the automobile
plant in Pitnak City, Khorezm region, whereby by 2024 its
productivity will increase from the current 90,000 units to 150,000
units per year.
Moreover, the company will localize the production of 100
different types of imported components.
It is predicted that by 2030 the cluster will be able to produce
products worth $2 billion annually, which means a significant
increase in production and an increase in the economic contribution
of the cluster to the region.
This forecast highlights the ambitious plans of the Khorezm
region for the development of the automotive and electric vehicle
industry and the creation of a favorable infrastructure for the
production of modern vehicles.
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