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Economy 04/06/2020 investment activities will be intensified in Syrdarya region
investment activities will be intensified in Syrdarya region

Tashkent, Uzbekistan (UzDaily.com) -- In May 2020, a working group led by Deputy Prime Minister of the Republic of Uzbekistan Sardor Umurzakov and as part of the leadership of relevant ministries, departments and commercial banks conducted extensive work in Syrdarya region to study the problems with which businessmen and the population of the region clashed in connection with the breakthrough of the dam of the Sardoba reservoir.

A man-made disaster that caused the destruction of industrial and agricultural enterprises, infrastructure, residential buildings and household plots caused entrepreneurs and exporters to suffer significant damage, and the population of the affected areas is currently deprived of jobs and earning opportunities.

In this regard, the working group held targeted meetings with entrepreneurs and residents of the affected areas, during which they discussed the existing problems and developed proposals and mechanisms for providing urgent measures to support the population and businesses, with a view to resolving issues related to the restoration of production, restructuring of existing loans, acceleration of damage assessment procedures and payment of compensation for insurance policies. The heads of the relevant ministries and departments were given specific instructions for providing operational assistance in the above issues.

Previously, the working group, based on a study of the existing economic potential and unused reserves, as well as ideas and suggestions of the residents and entrepreneurs themselves, worked for several weeks on the formation of new investment projects involving the creation of greenhouses, enterprises in the fields of animal husbandry, poultry farming, leather processing, as well as electrical, textile, food and other industries. The main task is the accelerated start-up of enterprises and the creation of new jobs, as well as the necessary conditions for home-based work, which will solve the issue of ensuring employment for the local population.

The forces of specialized departments and commercial banks developed 665 investment projects worth a total of 10.2 trillion soums. The implementation of projects will create 22,732 new jobs, including 2,065 jobs with the involvement of the population on the basis of home work. For each project, land plots have been allocated, responsible executors have been assigned, sources of financing have been identified. All projects will be implemented before the end of the first quarter of 2021.

With the assistance of the General Prosecutor’s Office, a mechanism has been created for effective control and monitoring of the implementation of measures developed as a result of the work of the working group in Syrdarya region.

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