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    Uzbekistan World Economics

    Uzbekistan prioritizes $30mn waste recycling investment at Tashkent International Investment Forum 2024

    Uzbekistan prioritizes $30mn waste recycling investment at Tashkent International Investment Forum 2024

    The International Investment Forum in Tashkent provided a platform to showcase the investment potential of Uzbekistan's diverse regions, drawing attention to the country's robust economic performance and burgeoning opportunities for foreign investors. With Uzbekistan having attracted approximately $60 bn in foreign investment over the past six years and GDP and industry growth reaching 6% last year, the forum underscored the nation's attractiveness as an investment destination.

    Photo: Uzbekistan prioritizes $30mn waste recycling investment at Tashkent International Investment Forum 2024
    Source: TIIF-2024

    Representatives from various regions of Uzbekistan participated in the discussions, shedding light on sectors ripe for investment and lesser-known opportunities that have piqued investors' interest. The session featured insights from key speakers like, Sharof Rahmanov, Deputy Mayor of Tashkent city, Botirjon Khamraev, Deputy Mayor of Andijan region, Rizo Asadov, Deputy Mayor of Bukhara region, Nuriddin Mamajonov, Deputy Mayor of Fergana region, Ibrohimjon Komilov, Deputy Mayor of Jizzak region, Okibjon Inamov, Deputy Mayor of Namangan region, Elbek Gafforov, Deputy Mayor of Navoi region

    Azizkhan Shavkatov, First Deputy Head of the Department of Investment, Industry, and Trade of Tashkent City, highlighted the capital's focus on service and tourism projects, citing the growing number of tourists and the need for enhanced tourism infrastructure. He emphasized the upcoming special industrial technopark "Yangi Khayot," envisioned to foster industry clusters and a logistics center for efficient product sorting and distribution.

    Aziz Ibragimov, Deputy Head of the Department of Investment, Industry, and Trade of Jizzak oblast, outlined investment opportunities in the region, including a $30 mn project for producing building slabs and a potential $20 mn venture for disposable medical product manufacturing in the Zomin Farm economic industrial zone.

    Mukhammadjon Rayhanov, head of the Bukhara Region Department of Investment, Industry, and Trade, highlighted the region's abundant non-metallic material resources, conducive to construction product manufacturing.

    The need for waste recycling initiatives in Andijan region emerged as a priority, with a representative underscoring the opportunity to invest $30 mn in waste recycling projects, promising a return on investment within three years.

    Additionally, the region expressed interest in negotiating projects in the chocolate industry and emphasized the demand for ceramic tableware and auto parts production from kaolin raw material.

    The forum concluded with a collective call to action for investors to explore and capitalize on Uzbekistan's diverse investment landscape, leveraging the nation's strategic location, abundant resources, and favorable investment climate. 

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    03.05.2024, 23:50   Comments (0)   1806
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