Mahmud L Mahmudov, the economic counsellor at the Embassy of Uzbekistan in Qatar, has announced plans to enhance the export of Uzbekistan’s electrical products to new and existing markets, including the Middle East, South Asia, and Europe. This move aligns with the Generalized Scheme of Preferences Plus (GSP+) trade regime granted to Uzbekistan, which offers favorable trade conditions.
In an interview with Qatar Tribune, Mahmudov highlighted that the Uzbekistan-2030 Strategy, adopted in September 2023, aims to fulfill the objectives set out in the Development Strategy of New Uzbekistan. This includes boosting copper processing in the electrical engineering sector to 300,000 tonnes annually and increasing the localization of manufactured products to an average of 65 percent.
Over the past seven years, Uzbekistan’s President has implemented several legislative measures to support the electrical engineering industry. These measures include customs and tax benefits, as well as subsidies for transportation and other expenses.
The country’s electrical manufacturing sector consists of approximately 1,000 enterprises, primarily small, producing over 2,000 types of products. The sector employs more than 35,000 people, with 76 large producers among them. These include manufacturers of electrical wires and cables, household appliances, and power transformers.
The Development Strategy of New Uzbekistan for 2022-2026 targets a 1.4-fold increase in industrial production by 2026, with a focus on doubling high-value-added products in the electrical engineering sector and tripling exports.
Recent measures have led to significant investment in the industry, with $935mn attracted over the past seven years, including $400mn in foreign direct investments. Additionally, 260 new investment projects worth over $800mn have been launched, including projects for cable production, household appliances, and power equipment.
These investments have created over 13,000 new jobs. From 2017 to 2023, the production volume in the electrical engineering sector grew 7.1 times to $1.98bn. Notable increases include a 5.5-fold rise in wires, cables, and copper products, an 8.2-fold rise in household appliances, and a 9.3-fold rise in power and technical equipment.
Exports of electrical products also surged, growing 5.5 times to $1bn. This growth includes a four-fold increase in wires, cables, and copper products, a more than ten-fold increase in household appliances, and a twelve-fold increase in power equipment.
Mahmudov noted that the growth in household appliance exports is largely attributed to Artel Electronics, which has established new production facilities in Uzbekistan. Noteworthy increases include a 15-fold rise in refrigerator exports, a six-fold rise in television exports, and substantial increases in other household appliances.
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