A new stage of economic transformation is under way in Karakalpakstan, where authorities have announced 27 large-scale projects worth nearly $2 billion with an aim to boost growth in the region.
The initiative tagged 'Karakalpakstan regional development programme' is designed to accelerate regional growth, modernise infrastructure, and create more than 10,000 new jobs across key sectors.
The upcoming projects will cover vital areas such as gas supply, road construction, logistics, agriculture, industry and healthcare, geared towards improving living standards of the populace and expanding access to essential public services.
The government also aims to achieve an annual growth of 6 to 6.5 % in the region’s economy under the new economic plans. To meet these targets, Uzbekistan plans to attract between $150 million and $200 million in foreign and performance-based financing, promoting results-driven development and stronger private-sector participation.
Officials describe the initiative as a strategic step towards balanced development across all regions of Uzbekistan, ensuring Karakalpakstan continues to benefit from national progress while contributing to the country’s overall prosperity.
While specific details of the funding sources have not been fully disclosed, investments are expected to come from a mix of state allocations, international financial institutions such as the Asian Infrastructure Investment Bank (AIIB) and the European Bank for Reconstruction and Development (EBRD), and foreign investors from countries including South Korea, China, Saudi Arabia, Germany and Russia.
In the past two years, 64 investment projects have been completed in Karakalpakstan alone, generating more than 5,000 jobs.
These efforts are expected to strengthen the region’s economic resilience and open up new opportunities for local communities.
Beyond economic indicators, the programme reflects Uzbekistan’s wider commitment to national cohesion, fostering unity and shared progress among all regions.
By narrowing regional disparities and investing in Karakalpakstan’s social and economic potential, the government aims to reinforce a sense of belonging, equality and partnership across the nation.
Analysts note that inclusive growth, where every region benefits from the country’s success, remains essential for long-term stability and social harmony.
Kyriakos Mitsotakis is due in Türkiye on Wednesday for talks with Recep Tayyip Erdoğan, as the two NATO allies seek to sustain a fragile thaw after ...
Turkish Foreign Minister Hakan Fidan held a phone conversation with United Nations Secretary-General Antonio Guterres on Tuesday, diplomatic sources s...
...
French President Emmanuel Macron has warned that Europe should prepare for fresh friction with the U.S. and treat what he called the ‘Greenland mome...
As the Milano Cortina 2026 Winter Olympics continue to unfold across northern Italy, photographers have captured a striking array of moments that defi...
Kyriakos Mitsotakis is due in Türkiye on Wednesday for talks with Recep Tayyip Erdoğan, as the two NATO allies seek to sustain a fragile thaw after decades of strained relations.
Turkish Foreign Minister Hakan Fidan held a phone conversation with United Nations Secretary-General Antonio Guterres on Tuesday, diplomatic sources said.
French President Emmanuel Macron has warned that Europe should prepare for fresh friction with the U.S. and treat what he called the ‘Greenland moment’ as a signal to strengthen the European Union’s economic and political power.
Senator Chuck Schumer appeared in Washington alongside survivors of Jeffrey Epstein’s abuse to introduce proposed legislation known as ‘Virginia’s Law’, aimed at eliminating the statute of limitations for sex traffickers and abusers.
U.S. President Donald Trump has criticised American freestyle skier Hunter Hess after the athlete said he felt conflicted about representing the United States at the Winter Olympics in Italy, sparking a public clash that highlights growing political tensions surrounding the Games.
U.S. skiing great Lindsey Vonn underwent surgery in an Italian hospital on Sunday after her attempt to win Olympic downhill gold ended in a violent crash just seconds into the race at the Milano Cortina Winter Games.
JD Vance arrived in Armenia on Monday (9 February), becoming the first sitting U.S. Vice President to visit the country, as Yerevan and Washington agreed to cooperate in the civil nuclear sector in a bid to deepen engagement in the South Caucasus.
António José Seguro’s decisive victory over far-right challenger André Ventura marks an historic moment in Portuguese politics, but analysts caution that the result does not amount to a rejection of populism.
Hamas has strongly condemned new Israeli government decisions to expand settlements in the occupied West Bank, warning the measures pose an “existential threat” to Palestinians and are designed to consolidate Israeli control over the territory.
J.D. Vance met Azerbaijan's president Ilham Aliyev in Baku on a rare visit by a sitting U.S. vice president, signalling a renewed push to deepen cooperation with Azerbaijan on energy, security and regional stability.
A scheduled visit to Ankara this week by Greek Prime Minister Kyriakos Mitsotakis will seek to “resolve all our problems at the table,” Ömer Çelik, a spokesman for Türkiye’s ruling AK Party, has said.
The European Union is preparing a further expansion of its sanctions against Russia, with Central Asia emerging for the first time as a distinct point of focus.
Azerbaijan and the United States signalled closer economic ties on Monday (9 February) as President Ilham Aliyev hosted a delegation from the U.S. Chamber of Commerce, highlighting the country’s investment appeal and growing interest from American companies.
“Peace is not just about signing treaties - it’s about communication, interaction and integration,” Sultan Zahidov, leading adviser at the AIR Center, told AnewZ, suggesting U.S. Vice President JD Vance's visit to the South Caucasus could advance the peace agenda between Azerbaijan and Armenia.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment