Namangan targets $4.2 billion in investments by the end of 2025 with major projects

President Shavkat Mirziyoyev’s press service reported that Namangan implemented 681 projects in the first ten months of 2024, creating 21,000 jobs and producing goods worth over 21 trillion UZS, with $702 million exported. The region’s economy is expected to grow by 8% by year-end.

For 2025, Namangan plans to attract $4.2 billion in investments, create 34,000 new jobs, and achieve $1 billion in exports. Specific initiatives include:

-  an $80 million fluorite processing project in Pap district, which aims to process 1.8 million tons of fluorite annually, create 200 jobs, and generate $70 million in export revenues.
-  a $60 million leather and footwear enterprise in the expanded "Barkamol Avlod" industrial zone in Namangan city.
-  a $25 million industrial zone in the Mingbulak district's "Namangan" area.
-  a $40 million venture involving medicinal plant cultivation, confectionery production, and tourism center development across 5,000 hectares.

Agriculture and livestock projects are also gaining traction, with proposals to grow rice, grains, and medicinal plants on land with groundwater access and to expand livestock farming in several districts. These initiatives are expected to boost local economic activity and employment.

Namangan’s leadership aims to reduce poverty to 8% by the end of 2024 and further to 5.3% in 2025, lifting 78,000 residents out of poverty. Additionally, the region plans to provide domestic employment for approximately 100,000 returning labor migrants.

President Mirziyoyev endorsed these initiatives, instructing officials to allocate necessary resources and include the projects in investment programs to ensure the development of industrial infrastructure.