Tashkent, Uzbekistan (UzDaily.cp,) -- President of Uzbekistan Shavkat Mirziyoyev has reviewed new investment projects planned for the Ferghana region.

Over the past seven years, nearly 77 trillion soums have been attracted to the Ferghana region. As a result, 116 thousand jobs have been created and export potential has reached US$4.5 billion. This year, more than a thousand projects worth US$1.3 billion are being implemented in the region.

Currently, foreign investors and local entrepreneurs have formed 132 projects totaling over US$7 billion. Of these, 25 projects amounting to US$2.1 billion were presented to the head of state.

The projects involve companies from Austria, the USA, China, Russia, Turkey, Germany, Saudi Arabia, Kuwait, Japan, and Azerbaijan. They encompass textile, food, medical, electrical engineering industries, production of building materials, service sector, and other industries.

For example, in the Uchkuprik district, a project worth US$50 million for the production of ceramic tiles will be implemented jointly with Chinese investors. This will create 500 new jobs.

In the Kuvin district, in cooperation with Saudi investors, a project worth US$50 million will be launched for the production of spare parts for heating and cooling systems. Upon completion, it will provide employment for 350 people.

The implementation of these 132 projects is expected to provide jobs for more than 23 thousand people.

The President has instructed responsible persons to expedite the establishment of the organizational and legal framework for the projects and to ensure all conditions are met for investors.