Uzbekistan’s underground resources estimated at $3 trillion — Shavkat Mirziyoyev

At the Tashkent International Investment Forum, President Shavkat Mirziyoyev emphasized that expanding high value-added chains and taking industry to a new technological stage are among the priority areas of Uzbekistan’s economy.

According to the Head of State, Uzbekistan is rich in reserves of gold, copper, uranium, tungsten, gas and a number of other strategic raw materials. The total value of the country’s underground resources is estimated at $3 trillion.

According to the President, in order to make opportunities in the sector more open to foreign investors, a digital geological data database will be created. In addition, the number of deposits put up for auction will be increased fourfold.

It was noted that foreign investment will be actively attracted to the Metals of the Future technoparks being established in Tashkent and Samarkand in order to form a full production chain from extraction to finished products.

At the same time, it was proposed to jointly implement investment projects worth a total of $20 billion in key driver sectors of the economy, including mechanical engineering, robotics, light industry, construction materials, electrical engineering and pharmaceuticals.

Earlier, at the Tashkent International Investment Forum, President Shavkat Mirziyoyev announced new initiatives to further develop Uzbekistan’s capital market and diversify investment flows.