TASHKENT, Uzbekistan, September 17. Over the past eight years, the Namangan region has attracted $7 billion in foreign investments and established nearly 8,000 new enterprises, Trend reports, citing the Uzbek President’s Office.
This was announced during a meeting chaired by President Shavkat Mirziyoyev in Uychi district, focused on measures for the socio-economic development of Namangan region.
During this period, the range of exported products has doubled, now exceeding 1,000 items. These achievements reflect strong economic growth and improved living standards in the region. Today, 82 percent of the working-age population is engaged in small businesses and entrepreneurship, while the average real income per capita has tripled.
Authorities are actively working to maintain these growth rates and further improve efficiency. Specific targets for the end of the year include attracting $4.2 billion in investments, increasing exports to $1 billion, providing employment for 323,000 people, and lifting 26,000 families out of poverty.
Poverty levels in Namangan have already fallen 2.5 times in a short period. Rising entrepreneurial activity and higher average wages have encouraged the return of 62,000 migrants to the region over the past two years.
The textile sector plays a leading role in the region’s economy, accounting for one-third of industrial output and half of exports. Namangan entrepreneurs are national leaders in working with major brands. To further attract investment and foster international cooperation, a dedicated project office will open within a month, and the number of textile enterprises with international certification will be increased to 50.
