In the past, the region’s economy was limited to a few sectors. Over the past eight years, more than $8 billion in investment has been attracted to the region, which has made it possible to diversify the economic structure significantly. In industry alone, 6,000 new enterprises have been established, and industrial output has increased more than sixfold.

Significant changes have also taken place in the tourism sector: infrastructure has been improved, new facilities have been created, and well-known hotel brands have entered the region. The annual tourist flow has reached 1.7 million people.

In accordance with the Resolution of the President of the Republic of Uzbekistan of December 5, 2024, additional measures were identified to develop industry and the services sector in Bukhara region. As a result, in the first half of the current year, industrial production increased by 7.3 percent, 198 new industrial enterprises were established, and the gross regional product grew by 6.4 percent.

The Reform Headquarters in Bukhara, created on the initiative of the Head of State, is identifying additional opportunities for economic growth. At the presentation, officials introduced several new investment projects.

For instance, Turkish entrepreneurs have shown interest in graphite mining and processing in Peshku district, a Vietnamese company plans to build a modern residential complex, and an Indian company intends to establish a surgical center. On a site covering 217 hectares, it is planned to implement 260 projects, creating more than 10,000 jobs.

Overall, the region has formed a portfolio of 21 new projects worth $1.7 billion. Their implementation will create 32,000 jobs and provide an export potential of $180 million.

The President highlighted additional opportunities for developing the region’s economy and ensuring employment for the population.

In particular, in Peshku district, inexpensive greenhouses have already been built on land leased by residents, where export-oriented crops are grown. The task has been set to expand this experience and establish such greenhouses in another 5,000 households across the region.

In Shafirkan, Gijduvan, Peshku, and Bukhara districts, vineyards will be planted on 10,000 hectares, while in Vabkent, Gijduvan, Jondor, Romitan, and Kagan districts, orchards with apricots, cherries, figs, and other fruits in high demand abroad will be established on 5,000 hectares.

Bukhara is renowned for its ancient holy sites. However, the region lacks large complexes capable of retaining tourists for extended periods. In this regard, it has been proposed to attract foreign investors to construct a shopping and entertainment park.

Another strategic area is industry. The region is home to two large oil and gas enterprises, with another under construction, and ten major solar and wind power plants are actively being built. It was noted that a network of small enterprises can be developed around these facilities, which would help increase investment, industrial output, and exports.

The hokims of the region and districts presented plans to increase income sources for the population, as well as to reduce poverty and unemployment.