The President of the Republic of Uzbekistan Shavkat Mirziyoyev, at the meeting on August 12, dedicated to issues of increasing and efficient use of the export potential of sectors of the economy and regions, attracting and developing investments, primarily foreign direct investments, and expanding the scale of localization of production, noted that in the first half of this year, investments at the amount of 85 trillion 775 billion soums, which is 1.6 times more compared to the same period last year, were attracted.

At the extended meeting, held on August 14, to discuss the results of activities carried out on socio-economic development of the country in the first half of 2019, as well as priority tasks of achieving planned forecast parameters for the second half of the year, it was emphasized that the share of investment in gross domestic product exceeded 38 percent for the first time in the history of the country. In previous years, the figure had not reached 25 percent.

Special attention in Angren Free Economic Zone is paid to creation of new production facilities through attraction of investments. Construction of the new factory manufacturing mineral wool – Angren Insulation has started at Angren FEZ.

More than 40 million USD is expected to be invested in construction of this modern manufacturing complex.

300 new jobs will be created at the enterprise, which is planned to be commissioned in 2020. It will be equipped with automated lines of the world’s leading companies with a production capacity of more than 50 thousand tons.

The plant will be equipped with the latest technologies in demand in the fastest-growing industries, such as construction, automotive and light industry, electrical engineering, production of composite materials for domestic and foreign markets.

Commissioning of Angren Insulation joint venture will turn Uzbekistan into one of the leading countries in Central Asia producing energy-saving goods, such as mineral wool.

The use of mineral wool insulation during construction will significantly improve energy efficiency of any building. The use of mineral wool by construction companies and the public can save at least 10 billion cubic meters of natural gas a year. The amount of natural gas saved is estimated at 1 billion USD.