Shavkat Mirziyoyev made a sensational statement: our underground wealth is $3 trillion!

President of Uzbekistan Shavkat Mirziyoyev, speaking at the plenary session of the IV Tashkent International Investment Forum, announced extremely important and noteworthy data on the subsoil resources of our country.

According to the head of state, today, as a result of the rapid development of the fourth industrial revolution in the world, the demand for technological minerals is increasing several times. In such conditions, the subsoil resources of Uzbekistan are of global importance and can become a new growth point for our economy.

In his speech, the president emphasized that Uzbekistan has large reserves of valuable minerals such as tungsten, molybdenum, magnesium, lithium, graphite, vanadium and titanium. According to expert estimates, the total value of Uzbekistan's subsoil resources is close to $3 trillion.

At the same time, the head of state emphasized that our country has every opportunity to become a regional center for the production of products with high added value from mineral resources.

“We are currently building future metal technoparks in the Tashkent and Samarkand regions. Innovative, high-tech production will be established here. This will serve to further expand the economic potential of our country,” said Mirziyoyev.

During his speech, the President also put forward a new initiative that may interest foreign investors. According to it, investors who fully establish a chain of production of finished products in Uzbekistan, starting from geological exploration, will receive a 10-year rent tax refund.

“I am sure that such conveniences and privileges will be very interesting for our foreign partners. We aim to establish long-term and effective cooperation with you, further expand mutually beneficial business partnerships,” the head of state emphasized.

This speech by Shavkat Mirziyoyev was widely discussed among the forum participants and international experts, and Uzbekistan’s economic potential and investment opportunities are once again in the spotlight. Read 'Zamin' on Telegram!