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Uzbekistan to launch large-scale industrial production in 2023

Uzbekistan Materials 20 December 2022 11:55 (UTC +04:00)
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, December 20. Uzbekistan plans to launch about 300 large industrial projects in the regions in 2023, President of Uzbekistan Shavkat Mirziyoyev, said at a meeting on macroeconomic forecasts for the year-end and for 2023, Trend reports citing Uzbek media.

According to the plan, the total worth of the mentioned projects will amount to $8 billion.

Thus, this will increase regional industrial production by 11 percent.

Meanwhile, an industrial export plan for regions for 2023 worth $18 billion was presented at the meeting as well. In particular, Uzbekistan plans to increase regional exports by 60 percent and bring it to almost $10 billion.

The head of state gave instructions to increase exports by 50-60 percent in such industries as electrical engineering, textiles, construction materials, leather and footwear, agriculture and pharmaceuticals.

At the same time, macroeconomic forecasts for 2022-2023 were announced. Thus, Uzbekistan expects economic growth to reach at least 5.5 percent by the end of 2022, and at least 5.3 percent in 2023.

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