On January 11, President Shavkat Mirziyoyev was briefed on the results and future prospects of the electrical engineering sector.

According to the official release, the sector accounts for 3.5% of the country’s industrial output and 10% of exports. Last year, the industry produced goods worth 31 trillion UZS, with exports totaling $1.3 billion.

The chairman of the "Uzeltechsanoat" Association announced that 290 new projects, worth $4 billion, are planned for this year, with $600 million in investments expected, and copper processing is set to increase to 75%.

Entrepreneurs will be permitted to build ready-made structures in technology parks, which can later be sold to businesses in the electrical engineering and related industries. It is also proposed to exempt entrepreneurs who establish high-tech production from profit and property taxes for three years.

A guaranteed market worth 15 trillion UZS will be created to facilitate the sale of products through ministries and industrial sectors. Additionally, a procedure is being developed for the procurement of renewable energy equipment from local manufacturers for social infrastructure projects.

Officials highlight that the sector has the potential to boost exports to $3 billion annually and increase production to 50 trillion UZS.