TASHKENT, Uzbekistan, July 9. Uzbekistan is currently establishing a cluster on the production of petrochemicals with a total cost of $274 million, Trend reports.
According to Uzbekistan’s Chamber of Commerce and Industry, within the framework of construction of the cluster, it is planned to implement more than 10 projects and the manufacture of 13 types of products, including pentane, hexane, benzene, toluene solvents, reformate and isomerate aromatic hydrocarbons, monomethylaniline, dimethyl carbonate, ammonium bicarbonate, caustic soda, and potassium sulfate.
As a result, the country expects to produce $240 million worth of chemical and petrochemical products, of which $82 million will be directed for export and $123 million for imports. Additionally, the project will generate 214 billion soums ($16.9 million) in annual budget revenue and create 600 new jobs.
The first phase of the project is scheduled to be launched in September 2024.
Meanwhile, a total of 80 projects valued at $14 billion have been formed in Uzbekistan's Bukhara region, in which foreign investors and local entrepreneurs are investing.
Companies from China, Russia, Türkiye, Germany, Saudi Arabia, India, Malaysia, South Korea, and other countries are investing in these projects in such industries as construction materials, electrical engineering, chemistry, textiles, food, pharmaceuticals, medicine, mining, fish farming, and others.