President of Uzbekistan Shavkat Mirziyoyev embarked on a visit to the Khorezm region on February 29, where he convened a meeting with key stakeholders from the Ministry of Energy, Uzkimyosanoat, and a prominent foreign investment company. The primary agenda of this gathering was to deliberate on the collaborative execution of a gas-chemical project set to unfold in the Khorezm region, press service of the president reported.
Discussions centered around the venture, which entails the joint implementation of a colossal gas-chemical project, boasting a staggering total investment exceeding $10 bn.
The envisaged facilities are slated to churn out a remarkable 2.5 mn tons of products annually, heralding a significant economic boost for the region. Moreover, the project is poised to be a catalyst for employment generation, with an anticipated creation of 3,000 job opportunities. The project is set to unfold between 2024 and 2028.
In November of 2023, President Shavkat Mirziyoyev visited the Boysun district in the Surxondaryo region to oversee the ongoing construction of the gas-chemical complex. Spearheaded by the foreign company "Surhan Gas Chemical Operating Company," the $2.9 bn project aims to extract and process 5 bn cubic meters of gas annually. With an initial investment of $1.45 bn and the completion of drilling 20 wells, successful testing has been conducted on 11 gas wells. The project, utilizing licensed technologies from "Shell," adheres to the highest environmental standards, with the capability to neutralize 99% of harmful production waste – setting a precedent in the CIS countries.
Earlier Daryo reported that the President of Uzbekistan recently examined a presentation unveiling numerous investment projects slated for implementation in the Khorezm region. With the aim of stimulating economic growth and advancement, a diverse range of projects valued at $1.5 bn have been developed in collaboration with foreign investors. These projects encompass vital sectors including mechanical engineering, urban development, chemical industry, textiles, construction materials, healthcare, and food production. During the presentation, stakeholders were briefed on 18 significant projects collectively valued at over $660 mn. Notable initiatives include endeavors focusing on the manufacturing of electric vehicles, nickel sulfate for battery production, architectural glass, glass packaging, building materials, coatings, and textile production.
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