Photo: stat.uz
In January-October, Uzbekistan attracted over $26 billion in foreign investments, 1.7 times higher than last year's figure. However, officials plan to add $8.6 billion to this amount by the end of the current year, bringing the total to more than $34 billion. These figures were announced at a meeting chaired by President Shavkat Mirziyoyev, according to his press service.
It was emphasized that of the $26 billion already invested in the country's economy, the majority — about $24 billion — is direct investment. The funds from foreign partners have launched 6,300 new enterprises. The added value of their products amounted to 30 trillion soums ($2.3 billion), and exports increased by $305 million. Additionally, foreign investments created 163,000 high-paying jobs.
However, the president pointed out some shortcomings. In eight districts and cities, investment indicators remain low, and some sectors show declining results compared to last year. The implementation of projects launched jointly with international financial institutions is progressing slowly. In particular, 17 projects are experiencing delays in documentation development and tender procedures
Mirziyoyev noted the need for more active work in attracting investments to the regions. According to him, the European Bank for Reconstruction and Development has expressed readiness to invest in projects involving the private sector, and officials should effectively use such offers and assist entrepreneurs and investors in every possible way.
As the head of state emphasized, it is necessary not only to increase the volume but also to improve the quality of investments. In other words, every dollar should serve the development of industry, create new jobs, and increase export potential.
