Uzbekistan To Implement Investment Project In Automotive Industry
Date
10/21/2024 9:08:58 PM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, October 22.
Uzbek-Singaporean Technologies of real time joint venture will
implement an investment project in the automotive industry in 2025,
Trend reports.
This was revealed during President of Uzbekistan Shavkat
Mirziyoyev's visit to the joint venture in Tashkent region.
The investment project worth $1.15 million will be implemented
to produce spare parts for new automobile brands such as BYD,
Chery, Changan, Geely, and Dongfeng.
This project will bear fruit with the creation of 43 new jobs,
and production capacity will soar from 180,000 to a whopping
280,000 units.
Meanwhile, the car production has increased almost threefold in
recent years and is expected to reach 460,000 units by the end of
this year. It is planned to increase this figure to 1 million by
2030.
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