Uzbek economy to grow by 7.8%, predicts President

President Islam Karimov Uzbekistan

Uzbek economy: Uzbekistan  is expecting to receive an equivalent of $17.3bn in  capital investment in the coming year, 23.5% of which will be from FDI, Uzbek President Islam Karimov said in his New Year address to the nation. The country’s economy would grow by 7.8% and real per capita income by 9.5%, he predicted, with government expenditure for the social sector, including education, science, healthcare, culture, sports, and social welfare also budgeted to grow.  164 large industrial facilities worth a total of $5.5bn are due to be completed or  commissioned, including two 450 MW gas turbines at the Talimarjan thermal electric power plant, a 150 MW generating unit at the Angren power plant, and a smelter for 70 thousand tons of copper per year at the Almalyk mining and metallurgical plant.

Kamchik mountain pass Uzbekistan

 2016  will also see Uzbekistan’s Chinese partners  help complete a railway tunnel through the Kamchik mountain pass,  the high-speed rail line from Tashkent to Samarkand extended to Bukhara.