Tashkent, Uzbekistan (UzDaily.com) -- On 1 February 2021, President of Uzbekistan Shavkat Mirziyoyev got acquainted with the progress of the previously given instructions regarding the investment sphere and the presentation of new projects.

At the presentation, held on 11 January, investment projects of commercial banks worth US$1 billion and 9 large industrial projects worth 8.6 trillion soums, developed by the khokimiyat of Tashkent, were presented.

In accordance with the instructions of the head of state, for the high-quality and timely implementation of these projects, “road maps” were developed and approved with a specific indication of activities, deadlines and responsible executors.

Since the first presentation, commercial banks have prepared additional investment projects in promising areas. Information about them was presented at today’s presentation.

It was noted that 10 large commercial banks have developed 136 project proposals totaling US$1.5 billion.

In particular, Agrobank identified opportunities for the implementation of 43 projects in conjunction with textile clusters. The implementation of these projects with a total value of US$501 million will significantly increase the level of cotton fiber processing and increase the volume of finished products.

The National Bank for Foreign Economic Affairs plans to implement 6 new projects worth US$225 million this year. These include projects for the production of polyvinyl chloride and aluminum frames in the Republic of Karakalpakstan, Navoi and Namangan regions, the creation of a transport and logistics center in the capital and Tashkent region for servicing freight trains and trucks.

Uzpromstroyban  plans a project worth US$110 million in the free economic zone "Urgut", providing for the creation of capacities for the production of 600 thousand tons of steel products per year.

Ipoteka Bank intends to invest in a project to organize a modern logistics center with an area of 27.5 hectares in the Kuyichirchik district. The enterprise will be able to receive 120 thousand containers per year, simultaneously service 120 trucks and 25 wagons.

A project has also been developed to create a National Trade Town in the old city part of the capital with a loan from Asaka Bank.

The head of state noted that these projects should be aimed primarily at creating jobs and producing export-oriented products.

During the presentation, it was emphasized that the economic complex should organize work at the makhalla level, commercial banks should help the implementation of projects that are highly effective in terms of job creation on the ground, especially to assist young entrepreneurs.

It is indicated that for this it is necessary to deploy a new system of banks’ work in makhallas, so that they contribute to the development of projects taking into account the specifics of a particular district or makhalla, teach the population how to make money on entrepreneurship.

The plans of the khokimiyat of the city of Tashkent for the implementation of promising projects in a new industrial zone in the Yangikhayot region are also presented. It is expected that 71 projects worth 4.6 trillion soums will be implemented on the territory of the industrial zone with an area of 200 hectares for the production of building materials, food, textile products and a number of other important industries.