Uzbek President Islam Karimov approved 99 projects on modernization of capacity of industrial enterprises for 3.3 billion soums due to own funds of enterprises. In particular, it is planned to continue 63 projects for US$1.24 billion and start to realize 36 new projects worth US$2.06 billion.

Largest volume of investment will be used by Uzbekneftegaz - US$387 million. Uzbekneftegaz will use funds to construct 170 km Ahangaran-Pubgan pipeline through Kamchik pass (US$241.2m) and two projects of Mubarekneftegaz (US$115.5m), including a project on construction of capacities for production of liquefied gas.

Navoi Mining and Smelting Plant (NGMK) will direct US$110 million to two projects - construction of ore mining complex at deposit of Zarmintan gold ore zone (Samarkand region) with the cost of US$235 million and build mining and smelting enterprise at gold ore deposits Kokpotas and Daugyztau (Central Kyzylkum) with the cost of US$150 million.

Almalyk Mining and Smelting Plant (AGMK) will invest US$74 million to reconstruct zinc plant to process raw materials from Khandiza deposit (Kashkadarya region), expansion of Kalmakir deposit in Tashkent region, as well as copper processing plat for US$18.5 million.

Uzbekenergo will use US$80 million to modernize electricity network, including to construction of high-voltage transmission line (500 kW) and electricity substations in south and east of the country.