Thursday, 02, May, 2024

Projects of 4 global carmakers will be launched in Uzbekistan, which will result in real competition in the Uzbek automotive industry, and the annual production volume to be brought to 1 million (now 350 thousand). At the same time, 300,000 electric vehicles will be produced per year, announced the presidential candidate Shavkat Mirziyoyev.

He added that per capita gross domestic product will rise from the current $2,200 to $4,000., which fact result will add Uzbekistan to the list of "countries with an upper middle income."

“Given the high cost of reaching foreign markets, we will increase manufacturing of high-end, highly profitable and export-oriented items. We will definitely become a member of the World Trade Organization in order to enter foreign markets with finished products. But for this, first of all, our enterprises must be ready for an open and strong competition,” said Shavkat Mirziyoyev.

He reported that the Industrial Development Fund would be set and $1 billion would be allocated to support the production of high value-added export products.

Also in the coming years: special export zones will be set up with 50 major foreign brands; the industrial mortgage system will be fully implemented to provide businesses with a building in the form of a “ready-made business”; In each district, two new industrial zones will be created with the creation of at least a thousand jobs; export of IT services will reach $5 billion, he underscored.

Latest in National

2024-05-01