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.
Gen Z protests swept 34 German cities on Saturday (31 October) over education, living costs and military service proposals. Violence erupted in Fra...
Iran designated Britain's Royal Navy and Royal Air Force as terrorist organisations on Sunday, (1 November), and classified the country's f...
Since 2021, only 9 per cent of $8 billion in humanitarian aid for Afghanistan can be traced beyond initial recipients in public re...
The U.S. has approved the sale of 500 Patriot PAC-3 missiles to Ukraine in a deal worth an estimated $2.1 billion, but Kyiv could face years of delays before receiving the weapons it urgently needs to defend against intensifying Russian attacks.
Iranian Supreme Leader Ayatollah Khamenei has ordered Iran's armed forces to respond to any threat immediately and without geographical limits in statements posted to social media platforms on Saturday (31 October).
Demonstrators carrying Iranian flags and placards supporting the hijab gathered outside the Azerbaijani Embassy in London.
A Chinese-made AI chip has matched Nvidia’s H200 in tests conducted by its developer, marking a potential breakthrough in China’s efforts to reduce its dependence on foreign technology.
A hacking group linked to North Korea is widely believed to be behind the theft of $6.3 billion from cryptocurrency giant Binance, a cyberattack that experts describe as the largest cryptocurrency heist on record.
Since 2021, only 9 per cent of $8 billion in humanitarian aid for Afghanistan can be traced beyond initial recipients in public records, a Kabul Institute report released on 22 October said. The United Nations says its oversight systems ensure accountability.
Opium poppy cultivation in Afghanistan surged by 330 per cent in 2026 despite a four-year ban, the United Nations said on Thursday. Afghan authorities disputed the findings, while Japan urged continued support for farmers seeking alternative livelihoods.
Demonstrators carrying Iranian flags and placards supporting the hijab gathered outside the Azerbaijani Embassy in London.
Central Asia could gain up to $640 million a year from closer energy cooperation, but strained electricity grids threaten to limit those gains, with Kazakhstan particularly exposed to regional power shortages and growing pressure on its network.
Georgia and Azerbaijan are stepping up efforts to boost trade, strengthen transport links between Asia and Europe and resolve a longstanding border dispute, as both countries seek to deepen their strategic partnership.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment