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Uzbekistan`s electrical industry is on the rise: $55 million of investments in the first quarter and plans for $656 million of projects in the second
In the first quarter of 2025, Uzbekistan's electrical engineering sector attracted $55 million in investments, while export volume increased by 1.3 times. In the second quarter, the implementation of 71 projects worth $656 million is planned. This was reported by the presidential press service following a presentation to Shavkat Mirziyoyev.
On April 22, the president reviewed the industry's performance results for the first three months of the year and its priorities for the upcoming period. It was noted that dynamic development was made possible, in part, by a January 22 decree on additional measures to support the electrical engineering industry.
By the end of the quarter, production volume exceeded 7 trillion soums, with exports reaching approximately $310 million, a 1.3-fold increase. Of the total attracted investments, $48 million came from foreign direct investments and loans.
A project portfolio worth $900 million was also formed, aimed at producing in-demand products under foreign brands.
Key objectives for the second quarter and the remainder of the year include:
- Increasing production volume to 43 trillion soums;
- Localizing products worth approximately 5 trillion soums;
- Implementing 71 projects with a total value of $656 million, creating 4.6 thousand jobs;
- Achieving $1.7 billion in exports and expanding supplies to 70 countries.
Shavkat Mirziyoyev emphasized the need to choose the right industry development strategy, actively localize production, create high value-added products, and train qualified specialists. The president instructed to establish prompt coordination with enterprises, effectively resolve emerging issues, and actively diversify export markets.
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