Uzbekistan Targets $3B In Investment For Samarkand Region

RunWithRugs · 2026-03-22T07:26:12+00:00

The Samarkand region aims to attract $3 billion in foreign investment, boost exports to $1.2 billion, and achieve 9% economic growth. Plans include job creation for 100,000 people and allocating funds to support businesses and reduce poverty.

RunWithRugs

2026-03-22 07:26:12

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(MENAFN- Trend News Agency) ** TASHKENT, Uzbekistan, March 18.** The Samarkand region is expected to attract $3 billion in foreign investment and increase exports to $1.2 billion, President Shavkat Mirziyoyev said, Trend reports via the press service of the Uzbek president.

President Mirziyoyev made the remark during a meeting dedicated to the next priority tasks of the socio-economic development of the Samarkand region.

The region has also been tasked with ensuring economic growth of at least 9% and raising its gross regional product to more than 144 trillion soums ($11.82 billion).

According to the president, it is also necessary to provide permanent employment for 100,000 people, lift 31,000 families out of poverty, and turn the region into a territory free from unemployment and poverty.

To bolster these objectives, an extra 100 billion soums ($8.2 million) will be earmarked in addition to the already designated 150 billion soums ($12.3 million).

Moreover, a substantial allocation of 360 billion soums ($29.6 million) will be earmarked to bolster small and medium-sized enterprises.

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