Over the past decade, the volume of electrical engineering production in Uzbekistan has experienced substantial growth, rising from 1.7 trillion soms in 2016 to 50 trillion soms in 2026. During this ten-year span, the sector absorbed $2 billion in investments while launching 413 new manufacturing facilities across the country. These figures were officially announced during a strategic meeting between President Shavkat Mirziyoyev and local entrepreneurs and international investors.
Key Takeaways: Over a ten-year period, the industry attracted $2 billion in investments, pushing production to 50 trillion soms, while exports surged 14-fold to reach $1.6 billion.
Throughout the past decade, domestic enterprises have mastered the manufacturing of over a hundred new types of products, including modern household appliances, solar panels, electronic utility meters, and high-voltage transformers. In the current year alone, investments in the sector hit $600 million, with exports reaching $1.6 billion. Despite these impressive growth metrics, the country's leadership noted that existing industrial opportunities are still not being fully utilized.
Moving forward, a primary strategic focus will be the expansion of high-added-value goods, particularly through advanced copper processing and the implementation of modern technologies. In 2026, the third copper concentrator plant was commissioned, which is projected to increase copper production volumes to 300,000 tons, and further scale up to 500,000 tons by 2030. This expansion of the domestic raw material base is expected to provide substantial advantages for local electrical equipment manufacturers.
Particular attention was also dedicated to the advancement of renewable energy sources. By 2030, energy storage system capacities in Uzbekistan are planned to reach 4.5 gigawatts. However, certain necessary equipment components are still not manufactured domestically, despite foreign partners expressing readiness to utilize local components.
Furthermore, over the next decade, Uzbekistan anticipates implementing joint economic projects with international partners valued at $450 billion across various industries. According to official assessments, this initiative will establish a major long-term market for electrical equipment producers. Previously, the sector set a target to increase electrical product exports to $5 billion by 2030, with total industry production reaching $11 billion.
Source: podrobno.uz