TASHKENT, Uzbekistan, April 2. Uzbekistan has set targets for the Bukhara region to attract $3.3 billion in foreign investment in 2026, achieve $1.5 billion in exports, and implement investment projects totaling $9.2 billion, Trend reports via the press service of the Uzbek president.
The targets were outlined during a meeting chaired by President of Uzbekistan Shavkat Mirziyoyev, which focused on assessing the effectiveness of ongoing reforms in the Bukhara region, unlocking its economic potential, and defining key development priorities.
Particular emphasis was placed on industrial development. Authorities reported that 61 major industrial projects have been established across various sectors, with a total value of $2.2 billion. These initiatives are expected to create around 18,000 new jobs and raise industrial output per capita from 25.6 million soums ($2,107) to 29.6 million soums ($2,436).
Among the pivotal initiatives, the Kagan district is poised to commence the manufacturing of up to 80,000 electric and hybrid vehicles each year. The initiative, with a valuation of $350 million, is projected to generate 500 employment opportunities.
In addition, a $220 million project in the Bukhara district involves the production of benzene, toluene, xylene, pentane, hexane, bitumen, and calcium chloride using pyrolysis technology. Another initiative includes expanding the production of AI-91 and AI-92 gasoline under an $85 million project in the Karaulbazar district.
Plans also include launching paper and cardboard manufacturing in the Kagan district, producing 100,000 tons of mineral fertilizers annually in the Karaulbazar district, and expanding gypsum board production in the Kagan district.
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