Industrial zones, renovation, and $100 million for infrastructure. How the economy will be developed in Syrdarya.

Uzbekistan, Tashkent – According to AN Podrobno.uz, a renovation program for old housing will be launched in the Syrdarya region. The initiative will offer benefits to developers and farming enterprises, as well as establish industrial zones, reports a correspondent from Podrobno.uz.

https://podrobno.uz/cat/economic/promzony-renovatsiya-i-100-millionov-dollarov-na-infrastrukturu-kak-budut-razvivat-ekonomiku-v-syrda/2025-02-26 08:12:45

This was discussed at a meeting with the president regarding the development of the economy, increasing job opportunities, and attracting investments to the Syrdarya region by 2025.

It was noted that the region's industrial, trade, and service sectors are underdeveloped. Specifically, the service sector's share is the lowest in the country, the poverty level exceeds 11%, and the number of unemployed individuals reaches 22,000.

A series of proposals has been developed to increase investment volumes, improve the business environment, and reduce the region's poverty level.

In particular, it is planned to organize industrial zones in Syrdarya, Shirin, Bayavut, Khavast, Mirzaabad, Gulistan, Akaltyn, and Sardoba over an area of approximately 900 hectares. This initiative is expected to attract $5 billion in investments and create over 20,000 new jobs.

To effectively utilize the transit potential of the region, located in the central part of Uzbekistan along international highways, it is planned to create 500,000 square meters of trade and service areas. This will provide employment for 50,000 people.

A significant focus during the meeting was placed on developing the agricultural sector. It was highlighted that areas for potatoes, onions, raspberries, currants, and cherries will be expanded. Processing enterprises and exporters will be assigned to household plots, field edges, and areas adjacent to canals. Additionally, in eight districts of the region, low-yield lands will be allocated to rice-growing farms, allowing them to export 50% of their harvest.

On the site of a thousand homes built over 50 years ago, modern residential complexes with 15,000 apartments will be constructed. To ensure the affordability of the new housing, developers will receive tax and customs incentives.

Furthermore, $100 million will be directed towards modernizing roads, electrical networks, housing stock, irrigation infrastructure, and upgrading social facilities.

Thus, by 2025, it is planned to attract $2 billion in investments to the region, with export volumes reaching $500 million. It is expected that more than 16,000 new jobs will be created, and the poverty level will decrease to 7.4%.

It is worth noting that following the president's visit to the Saykhunabad district of the Syrdarya region last year, a new support model for household farms and small business projects was implemented.