Uzbekistan to channel $50 million into electrical engineering industry

September 10, 2026 at 06:20 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

President Shavkat Mirziyoyev reviewed a presentation on September 10 aimed at advancing Uzbekistan's electrical engineering sector. The plan includes a $50 million resource allocation for a new raw material financing mechanism. The sector's output reached 43.1 trillion soums in recent years, up from 4.7 trillion in 2018.

Key Facts

Electrical engineering output in Uzbekistan reached 43.1 trillion soums in recent years, up from 4.7 trillion soums in 2018.
The sector's exports exceeded $1 billion, with products delivered to 65 countries.
In January–July 2026, the industry produced 30 trillion soums of goods and exported $706 million.
By 2030, Uzbekistan aims to raise electrical engineering production to $11 billion and exports to $5 billion.
A new financing mechanism will allocate $50 million for copper raw material purchases, with 75% paid by Uzsanoatexport JSC.

Sector Growth

Electrical engineering output in Uzbekistan grew from 4.7 trillion soums in 2018 to 43.1 trillion soums in recent years. Exports surpassed $1 billion, with Uzbek electrical products now supplied to 65 countries. Domestic production covers 80% of household appliance demand, and 30% of output is exported. In January–July 2026, the sector produced 30 trillion soums of goods and exported $706 million.

Investment Targets

By the end of 2026, Uzbekistan plans to increase electrical engineering output to 51 trillion soums and exports to $1.6 billion. The government has set a task to launch 67 projects worth $420 million. By 2030, the sector aims to reach $11 billion in production and $5 billion in exports. The plan also targets attracting $3 billion in investment and raising copper value-added to 35% by 2030.

Financing Mechanism

A new mechanism will allocate $50 million for copper raw material purchases, with enterprises paying 25% of the cost and Uzsanoatexport JSC covering 75%. Enterprises must repay the funds within 90 days at an annual rate of up to 6%. The mechanism also allows export contracts and insurance policies to be accepted as collateral for loans. Part of investment loans in national and foreign currency will be covered for three years.