“Khorezm region will be allocated $100 million from the Industrial Development Fund” - President

Shavkat Mirziyoyev is holding a meeting on the development of Khorezm region in the near future, the press service of the head of state reports.

The President noted that it is planned to allocate funds in the amount of $1.1 billion and 10 trillion soums for the events discussed today. $100 million will be allocated to support 5.5 thousand small and medium-sized enterprises on preferential terms, which will create 50 thousand permanent jobs.

On February 29, foreign investors presented projects worth $700 million, and local businessmen - $200 million. The French company Voltalia began construction of the first photovoltaic power plant with a capacity of 100 MW in Khorezm.

In the Khorezm region, negotiations have begun with foreign companies on a project to build a large gas chemical complex worth more than $10 billion. The launch of the facility, which will produce 2.4 million tons of polymers annually, will create 3 thousand new jobs.

The head of state instructed to allocate $100 million from the Industrial Development Fund, the size of which is $1 billion.

In the village of Chakka-Sholikor in the Urgench district, the task has been set to create a technology park and launch projects worth $100 million in the fields of electrical engineering, textiles and building materials by the end of this year.

In addition, an additional $25 million will be allocated for small and medium-sized industrial projects. Loans will be issued for a period of up to 7 years at 18% per annum, and their maximum size will be 1.5 billion soums.

Previously, Kun.uz reported that Uzbekistan plans to introduce annual visas for visiting Khorezm.