TASHKENT, June 15 (Xinhua) -- Uzbekistan plans to invest in 120 projects worth 4.2 billion U.S. dollars between 2026 and 2030 to expand its raw material base for critical minerals and develop high-tech industries, according to a statement from the presidential press service on Monday.
The projects are expected to increase the country's industry output to 1 billion dollars by 2028 and 2 billion dollars by 2030.
The move is in response to rising global demand for technological metals and critical minerals, the statement noted, adding that these raw materials and products are indispensable for high-tech industries, including electrical engineering, machine-building, aviation and energy, and play an increasingly important role in ensuring economic security and industrial competitiveness.
This year, Uzbekistan plans to launch the first 12 projects worth 166 million dollars, helping the country to establish the production of three new metals -- high-purity selenium, tellurium and rhenium -- along with 21 types of import-substituting products, such as powder-metallurgy-based automotive components and sulfuric acid.
Particular attention was given to building a complete tungsten and molybdenum value chain, with the initiative aiming to move beyond the production of concentrates and semi-finished materials to higher value-added products.
To support this effort, authorities plan a major expansion of the Metals of the Future technopark and a research and development center in Chirchik. The facilities will provide a platform for commercializing scientific developments, supporting startup projects, and producing high-purity metals and innovative products. Enditem
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