Uzbekistan's private sector chemical industry is implementing 15 projects worth $2bn

Today, 21 September, President Shavkat Mirziyoyev was briefed on the main indicators achieved in the chemical industry and the presentation of planned projects.

It is noted that as a result of reforms in the chemical industry the range of products and profitability has increased. Over 1 million tons of mineral fertilizers have been produced in 8 months of this year. Exports have almost doubled, reaching $330 million. Investor confidence in the industry has grown and investment figures have risen. Today the private sector is also implementing 15 projects worth $2 billion in the chemical industry, 5 of which have been recently launched.

At the same time, it was noted that a number of actions needed to be taken to transform the industry into a high value-added manufacturing sector. Raw material and technological renovation of enterprises, establishment of chemical clusters and expansion of production are also needed.

The presentation provided information about the work done and the expected results by the end of the year. The head of state outlined the tasks in this sphere.

It is known that 4 chemical clusters are being set up in the Republic of Karakalpakstan, Ferghana, Navoi and Tashkent regions on the basis of major enterprises. They will produce everything from raw materials to prepared products. Currently, 14 projects worth 1.8 billion dollars are being implemented, and 29 projects worth 5.6 billion dollars are planned.

The President pointed out that in order for these clusters to work effectively, a project office needs to be set up, vacant lots need to be divided up and private investors need to be brought in. Instructions have been given to introduce best practices and modern technologies in chemical companies and privatise the state share in them.