President Mirziyoyev initiates $10 billion program to boost business and employment in Karakalpakstan

"Responsible officials have been instructed to work with entrepreneurs to develop the 'Business in Karakalpakstan' program, tailored to each district. This program will be a new source for developing industry, agriculture, and services in Karakalpakstan, aiming for at least $10 billion in investments and the creation of 500,000 jobs," the presidential press service reported.

It is noted that Karakalpakstan has identified 103 major projects worth $1.9 billion. Over the year, 14 projects worth a total of $275 million will be launched in various sectors. Overall, more than 120 prospective projects with a total value of $9.5 billion have been prepared.

Investors are also ready to invest $10 million to establish a cluster specializing in sheep farming.