Uzbekistan launches $7.8B investment program in Bukhara region

Uzbekistan has launched 55 investment projects worth $654 million in the Bukhara region and started construction on 90 more valued at $7.1 billion. The projects are part of a broader $7.8 billion development program covering industry, energy, tourism and infrastructure. They were presented on Tuesday, November 3, during President Shavkat Mirziyoyev's visit to the region, according to the presidential press service.

The program includes 145 projects in petrochemicals, textiles, construction materials, machinery, energy, mining, pharmaceuticals, digital technologies, logistics, agriculture, food production, housing and tourism. Investors come from the U.S., Canada, Germany, Japan, South Korea, Singapore, China, Vietnam, Türkiye, the UAE, Saudi Arabia, Russia and India, as well as the Asian Development Bank, the Asian Infrastructure Investment Bank and domestic businesses.

Once implemented, the projects are expected to create more than 14,000 jobs, generate annual industrial output worth 22 trillion soums (about $1.84 billion) and support exports of $510 million. Mirziyoyev said the region had attracted $9.5 billion in foreign investment over the past nine years, leading to more than 6,000 production facilities and 120,000 permanent jobs.