Industrial Council chaired by President Shavkat Mirziyoyev will be set up in Uzbekistan to oversee major investment projects. The Council will oversee major mining, metallurgy, chemicals, and the oil and gas sector projects.
"A new monitoring mechanism will now be deployed to ensure that work in these sectors is complete in time and without any shortcomings. An Industrial Council chaired by the President will be set up for this purpose," Shavkat Mirziyoyev said in a report on the Uzbekistan 24 TV channel.
President Shavkat Mirziyoyev noted that the Council would deploy a regular mechanism for managing the transformation of large enterprises.
Deputy Prime Ministers Jamshid Kuchkarov and Jamshid Khodjayev have been handed directives to approve monthly work plans for each major enterprise in the mining, metallurgy, chemical, and oil and gas sectors.
"These plans will provide for transformation based on international standards, reduction in unit costs and energy consumption, advanced processing of raw materials, expansion of value chains, an increase in the share of local content through cooperation, digitalization of all processes, and the introduction of artificial intelligence, as well as increased investment and exports. Once approved, they will be submitted to the president for review," the head of state said.
Responsible officials have been ordered to conduct monthly, critical analysis and on-site discussions on the progress of these plans at individual enterprises, promptly address existing issues, and submit reports on the results at the end of each quarter.
