On November 27, Shavkat Mirziyoyev held a meeting to discuss the current state of attracting foreign investments and plans for 2025, as reported by the president's press service.
In the first ten months of this year, Uzbekistan attracted over $26 billion in foreign investments, which is 1.7 times higher than last year's figures. Of this amount, approximately $24 billion is attributed to direct investments.
As a result, 6,300 new enterprises have been launched, creating added value of 30 trillion soums and increasing exports by $305 million. Investments have led to the creation of 163,000 high-paying jobs.
By the end of this year, an additional $8.6 billion in investments is expected.
During the meeting, a critical analysis was conducted on the results of investment attraction and project implementation across regions and sectors. In eight districts and cities, investment indicators remain low, while some sectors have seen a decline compared to 2023.
Photo: President's Press Service
The implementation of several projects carried out in collaboration with international financial institutions is progressing slowly.
In particular, the development of project documentation and the conduct of tenders for 17 projects are being delayed.
Responsible officials provided information on the anticipated results by the end of the year and plans for 2025. The president emphasized the need to enhance the investment activity of regions and radically change the approaches to work in this area. For instance, the EBRD expressed its readiness to finance projects involving the private sector.
It was also highlighted that regions must effectively utilize opportunities and independently attract funding. Furthermore, it is necessary not only to increase volumes but also to enhance the quality of investments. Every dollar attracted should contribute to industrial development, the creation of new jobs, and export growth.
At the meeting, the head of state instructed to review the volumes and directions of attracting funds from international financial institutions and foreign government financial organizations. For 2025, the task is to identify projects, including those based on PPP and involving private investments, categorized by sectors and regions.
Earlier, Spot reported that $80 million could be invested in the processing of fluorite in the Namangan region.