Uzbekistan Launches Construction Of Investment Projects In Technopark
Date
7/6/2024 12:19:20 AM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, July 6. Uzbekistan
launched the construction of the first investment projects in the
Technopark special industrial zone, Trend reports.
According to the Uzbek president's office, the Technopark is
being created together with the Chinese Mingyuan company.
A total of 400 hectares of land have been allocated for this
purpose, and a target program of infrastructure provision has been
approved. The country has allocated 160 billion soums ($12.7
million) for the project.
Uzbekistan has already formed 30 projects, and Chinese investors
will invest $1.2 billion in them.
The zone will create enterprises for the production of goods
with high added value and import-substituting products demanded in
foreign markets. In particular, projects will be realized in the
fields of electrical engineering, mechanical engineering,
construction materials, the furniture industry, the food industry,
and services.
As a result, more than 5,000 jobs will be created, industrial
products worth 4.7 trillion soums ($373.4 million) will be
manufactured, and export potential worth $70 million will be
created.
Uzbekistan will establish an International Center for Experience
Exchange and Engineering on the territory of the technopark, where
qualified specialists for industrial enterprises will be trained.
An office center, residential buildings, an eco-park, a large
exhibition hall, and a shopping center will also be built here.
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