TASHKENT, Uzbekistan, December 3. Uzbekistan is setting its sights on reeling in $3.7 billion in investments for the Fergana region in 2025, Trend reports.
According to the Uzbek president’s office, the country also intends to increase exports to $1.5 billion. An important step for the region will be the creation of 500,000 new jobs, a significant contribution to the fight against poverty, with a plan to lift 22,000 families out of destitution.
One of the most important projects will be the expansion of the Kokand Free Economic Zone, which is already planned to host 185 projects capable of creating 12,000 jobs. For instance, plans call for the construction of new industrial zones and technoparks on 71 hectares in Kokand, generating an additional $900 million in enterprises and jobs.
Additionally, the agriculture sector will introduce innovative projects. It is expected to increase production and processing of agricultural products, particularly raspberries and other crops, which will contribute to export growth and job creation in the agro-sector.
Over the last seven years, the number of industrial enterprises has almost tripled to 13,000. As a result of investment projects, 116,000 jobs have been created.
Moreover, the volume of foreign investments amounted to $1.5 billion from January through October 2024. The regional exports amounted to $910 million.