Uzbekistan aiming to create over 10,000 jobs with new capacities in copper industry

The Cabinet of Ministers of Uzbekistan has published a draft decision "On the development of the copper industry cluster aimed at creating multi-tiered value-added chains from raw materials to finished products."

The draft decision prescribes the approval of the following documents:

- The concept of developing the copper industry cluster of Uzbekistan until 2030;
- The "Roadmap" for creating a full-cycle technological chain for the production of high-value-added products from copper raw materials for the years 2024-2030;
- Targeted programs and performance indicators for processing copper raw materials within high-value-added product manufacture for the years 2024-2030;
- The order of placing investors in the copper industry cluster territory.

The adoption of this decision and the implementation of the concept are expected to achieve the following results:

- By the year 2030, the annual volume of copper production is expected to reach 400,000 tons, with more than 300,000 tons being processed industrially;
- Aiming to attract investments of 1.5 billion dollars to boost the localization of electrical and household appliance production, thus increasing the total production volume to 8 billion dollars;
- Local and foreign investments in the production of finished and semi-finished copper products will be attracted within the cluster;
- Copper processing indicators within the copper industry cluster are expected to reach 80 percent through the implementation of copper processing projects;
- Plans to introduce localization for the production of new types of equipment and components (spare parts) necessary for the mining and metallurgy industry;
- The volume of exports of finished products and services with high added value will be increased;
- A system for training and enhancing the qualifications of highly skilled personnel in the mining and metallurgy industry will be established;
- Over 10,000 new jobs are projected to be created by establishing new production capacities within the cluster.