According to the president's press service, the construction of wind power plants and industrial enterprises has started in the Republic of Karakalpakstan, and trade complexes have been put into operation. During the ceremony, Shavkat Mirziyoyev spoke about the economic development of Karakalpakstan.
It was noted that over the past five years, more than 50 benefits and incentives have been introduced in the fields of industry, entrepreneurship, and infrastructure in the region. Specifically, the right to directly allocate land for investment projects has only been implemented in Karakalpakstan. Infrastructure is also being provided for projects valued at over 50 billion UZS.
Thanks to these incentives, more than 2 trillion UZS have been retained by entrepreneurs in the region during this period. A total of 44.5 trillion UZS has been allocated to improve the business infrastructure in the region, resulting in the emergence of over 25,000 new business entities in recent years.
In 2023, more than 1,400 projects worth $345 million were implemented, creating over 10,000 new jobs. In the first half of 2024, $730 million in foreign investments were absorbed.
The number of enterprises established with foreign capital in Karakalpakstan is also increasing. In 2017, there were 73 foreign and joint ventures, but today their number has reached 175, according to the report.
Currently, over 120 large projects worth approximately $9.5 billion are being implemented to boost the region's economy. These projects will be phased in from 2025 to 2028, creating more than 20,000 new jobs, generating 12 trillion UZS in production capacity, and providing an additional 500 billion UZS to the budget.
The president spoke about the significance of the complexes that are being constructed and commissioned. He emphasized that the rapid economic growth in Uzbekistan is setting major tasks in the energy sector.
In recent years, 10 solar and wind power plants with a capacity of 2.6 gigawatts have been commissioned with $2 billion in investments. By the end of the year, an additional 1.5 gigawatts of capacity will be connected to the grid, increasing the share of "green" energy to 15%. Moreover, 32 "green" projects with a total capacity of 18.6 gigawatts and a value of $19 billion are currently being implemented.
