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    Uzbekistan

    Uzbekistan develops plans worth $3bn in chemical sector

    Uzbekistan develops plans worth $3bn in chemical sector

    During the recent video call conference it was emphasized that the country possesses nearly all essential raw materials required for high-demand products in the chemical industry, and there is a need to efficiently capitalize on these opportunities, the president's press secretary reports.

    Government officials during the conference.
    Source: President's press service

    Projects totaling $3bn have been established in the chemical sector. The president addressed the realization of existing potential within the electrical engineering industry.

    Highlighting the potential for a $2bn project in the coming year within the network, it was mentioned that a substantial market for products exists. For instance, projects initiated with Saudi Arabia's AKWA Power to construct 5GW of solar and wind farms necessitate cables. The ongoing 27GW of solar and wind projects collectively require $500mn worth of cable.

    In this context, plans were outlined for the future launch of five projects, valued at $120mn, in the Ohangaron industrial zone. These projects aim to manufacture 25,000 tons of copper cables and 1,500 transformers. Additionally, a technology park with a value of $120mn is set to be inaugurated in the city of Bukhara, along with the localization of household appliances amounting to $25mn.

     

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    19.12.2023, 01:29   Comments (0)   2786
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