$7.6 billion worth of projects launched in Karakalpakstan

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In Karakalpakstan, 11 projects worth $592 million have been launched, and the construction of another 47 projects worth $7 billion has begun.

As part of his trip to the region, Shavkat Mirziyoyev took part in a ceremony to launch facilities and start construction work.

In recent years, conditions for entrepreneurship and investment have improved in Karakalpakstan. The republic's gross regional product grew from 8.5 trillion soums in 2016 to more than 54 trillion soums by the beginning of 2026. The share of the private sector in production reached 66%, and the number of operating business entities increased 2.5 times to 26,500.

Over nine years, more than $5 billion in investment has been attracted to the region to create high-income jobs. By the end of 2026, the volume of foreign investment is expected to reach $2.5 billion. The number of foreign and joint ventures increased 2.2 times compared to 2018 and reached 271.