TASHKENT, Uzbekistan, November 5. Uzbekistan will invest more than $310 million in the Jizzakh Free Economic Zone (FEZ) to convert the ADM Jizzakh automobile plant into a full-fledged automobile cluster, Trend reports.
The facility is scheduled to open in March 2024 and will produce approximately 100,000 automobiles per year, with a goal of increasing capacity to 300,000 per year by 2030.
The 1 million-square-meter complex includes a CKD plant, container sites, component storage rooms, and a press shop. With these new capacities and component production, the level of localization for completed cars is predicted to rise to 30 percent, potentially reaching 40-41 percent as capacity grows. The complex houses the whole manufacturing process, from sheet steel to finished vehicles.
Component warehouses on 100 hectares of land will be built to support the facility, and extra railway tracks with two container platforms for 4,000 containers have been laid so that the complex can keep products for up to 90 days to cater for supply problems.
ADM Jizzakh has manufactured over 33,000 cars worth 7.3 trillion soums ($600.6 million) since its inception in March 2021.
