Friday, 03, May, 2024

The approved Uzbekistan-2030 strategy envisages increasing gold mining by 1.5 times, silver and uranium mining by 3 times, and copper production by 3.5 times. It is planned to increase the power supply to 120 billion kWh, and the volume of natural gas production to 62 billion cubic meters.

The following plans have been added to the "Ensuring the welfare of the population through sustainable economic growth" into the Strategy:

  • increase the volume of gross domestic product to 160 billion dollars and per capita income to 4 thousand dollars;
  • ensure that the consolidated budget deficit down to less than 4 percent of GDP in 2024 and less than 3 percent in the following years;
  • increase the production of copper necessary for high-income products by 3.5 times, gold - 1.5 times, silver - 3 times, uranium - 3 times;
  • creating a competitive environment in the automotive industry and increasing the production volume to 1 million units;
  • introduction of the industrial mortgage system, which provides for the mechanisms of providing buildings in the form of "ready-made business" to entrepreneurs;
  • 70% coverage of the need for drugs in the pharmaceutical sector at the expense of domestic producers;
  • increasing the added value by 5 times due to attracting more than 30 prestigious foreign brands to the leather-shoe industry;
  • 250 billion dollars of investments, including 110 billion dollars of foreign investments and 30 billion dollars of public-private partnerships;
  • privatization of banks and keeping 3-4 banks under state ownership, attracting at least 4 foreign banks to the banking market;
  • introduction of criteria and procedures of Islamic finance in at least 3 commercial banks, formation of legal basis of Islamic finance;
  • increase renewable energy sources to 25,000 MW and their share in total consumption to 40%;
  • introduction of energy efficiency assessment system (energy-audit) of apartments in high-rise buildings;
  • transition of public transport in cities to eco-friendly fuel;
  • increase the amount of electricity supplied for economic sectors and population to 120 billion kWh;
  • increase the volume of natural gas production to 62 billion cubic meters;
  • increase the number of flights by 4 times;
  • construction and repair of 56 thousand kilometers of roads;

Construction of highways on the Tashkent-Samarkand and Tashkent-Fergana Valley routes on the basis of public-private partnership;

  • full coverage of cities and districts with public transport, increasing the number of new buses to 5 thousand and the number of electric buses to 2 thousand;
  • doubling the volume of exports to 45 billion dollars;
  • increase the number of foreign tourists to 15 million, the number of domestic tourists to 25 million, and the number of tourists coming for pilgrimage tourism to 3 million;
  • taking measures to increase the level of urbanization from 51% to 60%, turning the cities of Samarkand and Namangan into "cities of millions", increasing the number of cities and districts to 28 with more than 300,000, developing master plans for all settlements;
  • building 1 million housing units in provinces, increasing the number of "New Uzbekistan" blocks to 100, building additional 200,000 family homes, building social housing for at least 140,000 families in the country.

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2024-05-01